Exemption u/s 11 - corpus donations - charitable purpose - ...

Re-evaluation Ordered on Tax Exemption for Society's Corpus Donations under Charitable Purpose Definition.

January 4, 2024

Case Laws Income Tax AT

Exemption u/s 11 - corpus donations - charitable purpose - society is exclusively working for the benefit of members - the assessee falls under the last limb of the definition ‘charitable purpose’ i.e. any other object of GPU. Therefore, the income of the assessee needs to be computed in light of amended provisions of Sec. 2(15) - AO directed to re-adjudicate the issue afresh - AT

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Exemption u/s 11 - corpus donations - charitable purpose - ...

Re-evaluation Ordered on Tax Exemption for Society's Corpus Donations under Charitable Purpose Definition.

January 4, 2024

Case Laws Income Tax AT

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