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Income Tax - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Exemption u/s. 10(23C)(vi) denied - eligibility to Assessment ...

Case Laws     Income Tax

August 9, 2021

Exemption u/s. 10(23C)(vi) denied - eligibility to Assessment u/s 11 - Charitable activity u/s 2(15) - an expenditure which did not even form a part of application claimed - As the assessee wholly and exclusively carried out its objects for which it was established and even if there is a violation as suggested by CCIT, it was not claimed for the purpose of application of income. - AT

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