The Income Tax Appellate Tribunal upheld the Commissioner's ...

Tax exemption denied for ad industry event expenses, not charitable.

Case Laws Income Tax

October 5, 2024

The Income Tax Appellate Tribunal upheld the Commissioner's revision order u/s 263, disallowing the expenses incurred for organizing the "Goa Fest" event as not being for charitable purposes u/s 11. The Tribunal concurred that conducting the "Goa Fest," where leaders from the advertising industry delivered presentations, constituted a business activity rather than a charitable purpose. Consequently, the assessee's appeal against the Commissioner's order was dismissed, affirming that the original assessment order was erroneous and prejudicial to the revenue's interests regarding the treatment of expenses for the "Goa Fest.

View Source

← Previous Next →

The Income Tax Appellate Tribunal upheld the Commissioner's ...

Tax exemption denied for ad industry event expenses, not charitable.

Case Laws Income Tax

October 5, 2024

You may also like:

30% ad-hoc disallowance of travelling expenses being car charges, foreign travelling expenses and domestic travelling expenses - The Assessee argued that the expenses...

Denying the registration u/s.12AA - Charitable activity u/s 2(15) - In any event, CIT (Exemption) should not have come to conclusion that the objects of the appellant...

Exemption u/s 11 - assessee is a Charitable Trust registered u/s. 12A - The Tribunal found that the trust, despite being primarily focused on its members, was engaged in...

Expenses on scholarship paid for charitable purposes – there was no genuine process of selection/interview and it was all manipulation made by the assessee society -...

Newly established industrial units having once enjoyed the tax exemption and also remission for seven years under the Meghalaya Industrial Policy of 1997 and the...

Exemption u/s 12 denied - Condonation of delay in filing the Form no.10B - assessee, a public charitable trust past 30 years who substantially satisfies the condition...

Charitable purpose u/s 2(15) - sale of unani medicines - charitable activity through - Hakims and Vaids - application of income and accumulation - order denying the...

Ad hoc disallowance of 10% of expenses - Since the AO or the Ld. CIT(A) has not rejected the books of account of the assessee they could not have estimated (ad hoc...

Short payment of service tax - Event Management Service - The charges collected in the nature of rent from the customer can only be considered as expenses for providing...

Ad- hoc disallowance of expenses - Without pointing out any specific expenses, which according to the authorities below were not allowable as deduction, an ad-hoc...

Exemption u/s 11 - Charitable Purpose - Plastic Waste Management - Expenditure of multi-layered plastic collection and disposal charges for members are the only major...

Disallowance of expenses on ad-hoc basis - vehicle running maintenance expenses - when the assessee has successfully demonstrated that the expense has been incurred...

Ad-hoc disallowance at the rate of 10% on credit card expenses - Prima Facie the said disallowance is ad-hoc in nature. AO ought to have made reference to any of such...

Exemption from the levy of property tax - Charitable activity or not - There is to be a detailed verification as to whether the petitioner satisfies the requirement of...

Ad-hoc disallowance of various expenses on the ground that said expenses incurred in cash and not further, supported by necessary bills and vouchers - once the Assessing...

Quick Updates: