ITO (E) WARD 1 AHMEDABAD, AHMEDABAD vs. ACHARYA SHRI VIJAY SURENDRA SURISHWARJI JAIN TATWA GYAN SHALA, AHMEDABAD

In the result, the appeal filed by the Department is partly allowed

Bench: Shri Siddhartha Nautiyal & Shri Narendra Prasad Sinha

charitable trust registered under section 12A of the Income-tax Act, 1961 ("the Act"). For the assessment year 2018-19, the assessee did not file its return of income under section 139(1) of the Act. Based on information available on the Insight Portal, the Assessing Officer noticed that the assessee had made time deposits aggregating to Rs.1