Application u/s 12AA rejected - When the constitution of the ...
Court Rejects Section 12AA Application; Society's Constitution Allows Funds Beyond Member Fees, No Mutuality Applied.
October 22, 2015
Case Laws Income Tax AT
Application u/s 12AA rejected - When the constitution of the Society authorizes receipt of money by way of funds, donations, contributions, grants, in addition to subscription and charges received by the Members, then non receipt of the amounts during the year, cannot be a ground to come to a conclusion that the concept of mutuality applies to the assessee - AT
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