Held, allowing the appeal, that the authorities below ought to have considered and verified the facts as well as the bona fide mistakes. Therefore, the orders of the authorities below were to be set aside and the issue restored to the Assessing Officer to verify the grievance of the assessee. If it was found correct, the issue may be decided in accordance with law.(AY. 2020-21)
Shrimati Saraswati Manuja Education and Well Living Society v. ITO (2023)104 ITR 78 (SN.) (Delhi)(Trib)
S. 11 : Property held for charitable purposes-Accumulation of income-Accumulated in wrong column-Bona fide mistake-Matter remanded for verification and to decide in accordance with law. [S.11(2) 11(3), 143(1)]