#Exemption Claim

ITAT Bangalore rules that a charitable trust’s exemption under Section 11 cannot be denied solely due to a lost trust deed. The tribunal permits reinstatement of registration through a sworn affidavit and condonation of delay, ensuring trusts are not penalized for procedural lapses beyond their control.

ITAT Delhi rules that bona fide disclosure of foreign contributions under Sections 11/12 of the Income Tax Act cannot be invalidated merely due to clerical errors in return schedules. The tribunal deleted a Rs. 10.3 lakh addition, reinforcing that inadvertent misplacement does not negate substantive compliance, provided the income is duly accounted for in books and computation.

The CETAT holds that taxpayers must produce complete documentary evidence to claim exemption under Entry 14(d) of Mega Exemption Notification; mere assertions are insufficient.