Additions u/s 69A - Denial of exemption u/s 11 - Receipt of ...
Court Rules: Capitation Fees u/s 69A Invalid Without Evidence; Trust Denied Section 11 Tax Exemption.
August 21, 2023
Case Laws Income Tax AT
Additions u/s 69A - Denial of exemption u/s 11 - Receipt of unaccounted capitation fees in cash - Post search Assessment of trust - Ld. CIT(A) had rightly held that, search operation being leaked cannot be an alibi for making addition in an assessment, as the assessment has to be made based on evidences and not on suspicion and conjectures. - AT
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