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2013 (1) TMI 542 - HC - Income TaxEntitlement for exemption u/s 11(2) - ITAT denied the claim - appellant is a charitable institution registered under Section 12A - Held that:- Following the decision of Nagpur Hotel Owners's Association's case [2000 (12) TMI 99 - SUPREME COURT] it is mandatory under the provisions of the Act and the Rules to give intimation to the assessing authority in Form 10 as required under Rule 17 of the Rules to claim benefit of Section 11. This information in Form 10 is required to be furnished at any time before the finalisation of the assessment proceedings. Thus the assessee having failed to furnish Form No.10 before the completion of the assessment, the benefit under the provisions of Section 11 for accumulation of profits had been rightly denied by the authorities below - against the assessee.
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