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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Cancelling the registration u/s 12AA(3) - charging bus fees from ...


School's Section 12AA(3) Registration Canceled Over Bus Fees Despite No Evidence of Unreasonable Charges u/s 13(2)(c.

May 1, 2017

Case Laws     Income Tax     AT

Cancelling the registration u/s 12AA(3) - charging bus fees from the students - certain buses plied were belonging to the office bearers - none of the expenditure relating to buses have been borne by the school - nothing has been brought on record that any payment for plying of bus or the fees charged for the bus fees violates the concept of reasonableness as enshrined in section 13(2)(c) - AT

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