KERALA BEEDI AND CIGAR WORKERS WELFARE FUND BOARD,KANNUR vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT
In the result, both the appeal of the assessee bearing ITA No
ITA 659/COCH/2025[2018-19]Status: DisposedITAT Cochin13 Nov 2025AY 2018-19
Bench: BEFORESHRI. INTURI RAMA RAO, ACCOUNTANT MEMBERAND SHRI. ANIKESH BANERJEE (Judicial Member)
For Appellant: Shri V M Veeramani, C.AFor Respondent: Shri Leena Lal, (SR.AR.)
Section 11Section 12ASection 142(1)Section 143(3)Section 250Section 270A
Charitable Trust v.
Income-tax Officer reported in [2025] 171 taxmann.com 466 (Chennai -
Trib.)held where assessee-trust, initially mentioned Rs. 71.77 lakhs instead of Nil under section 11(1)(2) and later filed a revised audit report and claimed repayment of loan as application of income, since assessee’s claim was supported by audited financials, revised audit report, revised