Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (3) TMI 681 - AT - Income TaxClaim of exemption u/s 11 of the Act - Whether the CIT(A) was right in directing the AO to allow the claim of exemption u/s 11, the same was not claimed in the return of income filed u/s 139(1) of the Act – Held that:- The decision in Fellowship of Physically Handicapped[2014 (3) TMI 250 - ITAT MUMBAI]followed - the appellant has been filing amended clauses of Memorandums of Association along with return of income - As such it cannot be said that the appellant trust has not informed the Income tax Authorities regarding the change in Memorandum of Association - the assessee has been granted registration under section 12A and the original objects continued to exist apart from the fact that the amended objects remain charitable - the CIT(A) was of the view that the assessee is entitled to exemption under section 12A - the assessee is entitled to claim exemption u/s 11 of the Act – Decided against Revenue.
|