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Consequences of not filing Form 10B electronically. Whether benefit of exemption under sections 11 and 12 shall be available to the assessee in respect of income derived? Another question is what to do in such circumstances? ITAT, AHMEDABAD BENCH ITA No. 355 & 356/AHD/2021 decided on the issue of dated 15 July, 2022 in the case of Ambica Sarvajnik Trust Anklav v. Dy. CIT (CPC). Kindly click the link to get the answer and full decision.
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Whether Penalty u/s 272a(2)(e) imposed is justified for Late / Non-filing of ITR when the Assessee was under the bona fide belief that ITR was not required to file since its incomes is exempt under s. 10(23C)(iiiab)? ITAT Jaipur passed the order on this issue on 24 May, 2021. For full order kindly click the link to get full order.
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Whether excess of expenditure in the earlier years can be adjusted against the income of the subsequent year and whether such adjustment should be treated as application of income in subsequent year for charitable purposes? On this issue Bombay High Court passed the order in the case of Cit vs Institute Of Banking Personnel … on 9 July, 2003 and ITAT Mumbai again confirmed on 1 November, 2021 in the case of Dy Cit Cc-7(1), Mumbai vs Dr. D.Y. Patil International. For Full order kindly click the link. Section 11 to 13 and 11(1)(a)
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Section 12A and 11. Can application for Registration under section 12A be denied on the ground that the Objects included charitable and religious activities? ITAT, VISHAKHAPATNAM BENCH passed the order in the case of Dhatri Foundation v. CIT on dated 24 March, 2021 in favour of the assessee. For full order kindly click the link.
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क्या होगा जब कोई चैरिटेबल ऑर्गनाइजेशन को 148 का नोटिस इस आधार पर मिलता है कि करदाता धारा 11 और 12 की छूट का अधिकारी 12AA मिलने के पहले के एसेसमेंट ईयर के लिए नहीं है? Nov 26, 2020 को ITAT BANGALORE ने second proviso to sec.12A(2) का हवाला देकर ऑर्डर पास किया है KARNATAKA STATE STUDENTS WELFARE FUND vs ITO.
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Section 11 आई टी ए टी विशाखापट्टनम ने 21 सितंबर 2020 को फैसला देते हुए कहा कि जब करदाता ने सारी डिटेल और एविडेंस आयकर अधिकारी को दे दिए और आयकर अधिकारी ने कोई चेक नहीं किया। उसी डिटेल और एविडेंस की अगर कमिश्नर अपील जांच करता है तो रूल 46A कि कोई अवेहलना नहीं होती। करदाता की अपील स्वीकार की गई और माना गया की करदाता धारा 11 में छूट पाने का अधिकारी है KANDULA LAKSHUMMA MEMOIAL EDUCATIONAL SOCIETY & ANR. Vs. DCIT. ITAT VISHAKAPATNAM AY 2013-14. In Favour of Assessee.
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Activity of the assessee are primarily motivated with the objective of promoting handloom sector in India and said activity are not for gain or profit of an individual. The executive committee of the Society also consist of all government officials with no motive of profit sharing or personal interest. The member subscription is received by the assessee in proportion of the supply by the agency and the rate decided. The said subscription fee received cannot be equated with the cess or fee against services rendered. The AO is not justified in holding that provision to section 2(15) will be attracted in the case of the assessee and therefore qualifies for exemption under section 11.
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Registered U/s 12AA gives advance to trust not registered u/s 12AA where trustee are entitled for 20% of profits of the said concern.- exemption u/s 11 will be denied.
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किसी एजुकेशन इंस्टीट्यूट द्वारा ट्रेनिंग एवं कंसल्टेंसी का कोई प्रोग्राम चलाया जाता है और उसमें आय होती हैं तो उस पर AO धारा 11 और 12 की छूट देने को इनकार नहीं कर सकता है अगर वह आय वेलफेयर एक्टिविटीज के लिए ही काम ली जाती हैं तथा वह आय स्कूल एजुकेशन आय का छोटा छोटा हिस्सा है
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No addition u/s 40(a) can be made for non deduction of tds in case of charitable trust or institution where income and expenditure is computed in terms of section 11 of the Act