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Case lawHigh Court › DIT (Exemption) v Keshav Social & Charitable Foundation
High CourtHelps taxpayers.68s.11s.12A

DIT (Exemption) v Keshav Social & Charitable Foundation

My trust could not produce all its donors. Can the Assessing Officer treat the donations as cash credits under section 68 and deny exemption under section 11?

My trust could not produce all its donors. Can the Assessing Officer treat the donations as cash credits under section 68 and deny exemption under section 11?

No, on these facts. The Delhi High Court dismissed the Revenue's appeal, holding that no substantial question of law arose. Section 68 had no application because the trust had itself disclosed the Rs.18,24,200 of donations as its income, and every receipt other than a corpus donation is income in a trust's hands. There was therefore full disclosure. The trust had filed a list of donors, and the failure to file a complete list or to produce the donors does not by itself support an inference that unaccounted money was being introduced as donations - particularly where more than 75% of the donations had admittedly been applied to charitable purposes and the trust was registered under section 12A.

Decided by the High Court (High Court of Delhi - Madan B. Lokur, J.) on 2005-02-03, reported as [2005] 278 ITR 152 (Delhi). It bears on section 68, section 11, section 12A of the Income Tax Act 1961, in Charitable Trusts & Exemption and Cash Credits & Unexplained Money matters.

Still good law. The full judgment was read; it is short and ends in the operative dismissal. It applies the Supreme Court decision in Tiruppani Trust and turns substantially on concurrent findings of fact that more than 75% of the donations were applied to charitable purposes. I have not checked for any later decision considering it. Its reach is limited for later years by section 115BBC, which taxes anonymous donations and applies from assessment year 2007-08, and which this judgment does not consider.

Why it matters

This is the answer to an Assessing Officer who reaches for section 68 against a charitable trust. The point is structural: section 68 deals with a credit in the books that the assessee does not explain and does not offer as income, whereas a trust that shows a donation as its income has disclosed it, so there is nothing for section 68 to catch. The judgment also refuses to convert an evidentiary gap - an incomplete donor list, donors not produced - into a finding of laundering, especially where the money has demonstrably gone into the trust's charitable objects. Read with S. Rm. M. Ct. M. Tiruppani Trust, it puts the enquiry where section 11 puts it: was the income applied to charitable purposes in India, within the permitted accumulation. It is worth noting that the specific charge on anonymous donations came in later and is not considered here.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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Related

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