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2006 (2) TMI 91 - HC - Income TaxExemption u/s 11 - Assessee is a society registered under the Tamil Nadu Societies Registration Act - "Whether, Tribunal was right in holding that the assessee-society was entitled to exemption under section 11 merely on the ground that the registration under section 12AA has been granted w.e.f. April 1, 1990, without noticing that no charitable activities have been conducted and the income from the letting out of kalyana mandapam assessable under the head "Business" has not been applied for any charitable purposes like education or any other object of general public utility?" - mere fact that the assessee submitted returns for the assessment years 1998-99 and 1999-2000 admitting the income as business income will not take away the rights of the assessee to claim the benefit of exemption, as there cannot be any estoppel against section 11 of the Act, for the simple reason that the Revenue has not raised any question of law in that regard
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