The case pertains to denial of exemption u/s 11 due to alleged ...

Society wins tax appeal! Tribunal says society exempt from sec.13 rules. CBDT Circular supports decision. Assessing Officer's disallowance void.

July 4, 2024

Case Laws Income Tax AT

The case pertains to denial of exemption u/s 11 due to alleged violation of provisions of section 13(1)(c). The Appellate Tribunal held that as the society is notified u/s 10(23C)(iv) and registered u/s 12A(a) of the Act, the conditions u/s 13 do not apply, as per CBDT Circular No. 557, dated 19.03.1990. Therefore, the Assessing Officer cannot disallow u/s 11. The Tribunal found no infirmity in the CIT(A)'s order allowing the appeal, leading to the dismissal of the Revenue's appeal.

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The case pertains to denial of exemption u/s 11 due to alleged ...

Society wins tax appeal! Tribunal says society exempt from sec.13 rules. CBDT Circular supports decision. Assessing Officer's disallowance void.

July 4, 2024

Case Laws Income Tax AT

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