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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Denial of exemption u/s 11 - cancellation of registration u/s ...

Case Laws     Income Tax

December 25, 2017

Denial of exemption u/s 11 - cancellation of registration u/s 12AA(3) - Since the assessee is in the micro finance activity, the activity itself is a charitable activity - advances were made to the rural poor - CIT has not proved that there is no charitable activity and the society is not genuine and is running on commercial activity with tangible evidence. - Registration restored - AT

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