{"id":64943,"date":"2026-10-05T16:35:19","date_gmt":"2026-10-05T11:05:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bhagwan-shri-hamsa-trust-v-ito-2025-172-taxmann-com-612-bom-hc\/"},"modified":"2026-10-05T16:35:19","modified_gmt":"2026-10-05T11:05:19","slug":"bhagwan-shri-hamsa-trust-v-ito-2025-172-taxmann-com-612-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bhagwan-shri-hamsa-trust-v-ito-2025-172-taxmann-com-612-bom-hc\/","title":{"rendered":"Bhagwan Shri. Hamsa Trust v. ITO [2025] 172 taxmann.com 612 (Bom) (HC)"},"content":{"rendered":"<p>Where a charitable trust had applied for registration under section 12A and, being under a bona fide belief that registration would be granted from the date of its existence, claimed exemption under section 11 for assessment year 2008-09, the Commissioner (Exemption) having subsequently granted registration with effect from assessment year 2009-10, the High Court held that the claim was based on a bona fide belief and there was no concealment of income or furnishing of inaccurate particulars of income; consequently, there was no justification for imposing penalty under section 271(1)(c). Followed,\u00a0 CIT\u00a0v.\u00a0Reliance Petroproducts (P.) Ltd<em>\u00a0\u00a0<\/em>[2010] 189 Taxman 322\/322 ITR 158 (SC (AY. 2008-09).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271(1)(c) : Penalty-Concealment-Charitable trust-Bona fide claim of exemption under section 11-No concealment or furnishing of inaccurate particulars-Order of Tribunal set aside.  [S. 11, 12A, 260A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64943","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gTt","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=64943"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64943\/revisions"}],"predecessor-version":[{"id":64944,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64943\/revisions\/64944"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}