Can money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits

An 89-year-old retired principal said ₹20.33 lakh deposited in his bank accounts represented hostel fees collected for an education society, with only ₹2,251 left as surplus. The ITAT has sent the case back to the tax officer to verify the records and determine who actually owned the money.