1992 (9) TMI 69 - HC - Income Tax

Advance Tax, Appeal Against Assessment, Appeal To AAC, Charitable Purpose, Charitable Trust, Interest

Summary

The High Court of Allahabad ruled in favor of the assessee, Radhaswami Satsang, stating that their income is entitled to exemption under sections 11 and 12 of the Income-tax Act, 1961. The court also held that the Appellate Assistant Commissioner of Income-tax was justified in entertaining the appeals filed by the assessee regarding the charge of interest under section 217 of the Act.