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expenses by charitable society later on found bogus expense, Income Tax

Issue Id: - 114326
Dated: 18-11-2018
By:- sm surana

expenses by charitable society later on found bogus expense


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As per investigation it was found that some of the expenses claimed, by the charitable society as application of income,were not genuine. What is the fallout ? whether it will be reduced from the amount applied or will be added to income ? please guide and also quote the relevant court cases and section of the act also . thanks

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Page: 1


1 Dated: 19-11-2018
By:- DR.MARIAPPAN GOVINDARAJAN

It will be added to the income. If the amount is considerably large, reopening of assessment is possible.


Page: 1

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