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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - application of income - Donation to another ...


Income Tax Exemption Upheld: Donation to Unregistered Society u/s 11 Accepted Despite Section 12A Non-Registration.

June 22, 2018

Case Laws     Income Tax     AT

Exemption u/s 11 - application of income - Donation to another society - Merely because PSESA was not registered u/s 12A of the Act for the year under consideration that cannot be a reason for not allowing corpus donation of ₹ 8.02 crores to the assessee society, keeping in mind that the donee society is also a like minded society.

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