There is no basis for arbitrary disallowance of adhoc 30% of ...

30% of Operating Expenses Unjustly Disallowed; Fully Permissible u/s 11 for Charitable Activities.

July 26, 2017

Case Laws Income Tax AT

There is no basis for arbitrary disallowance of adhoc 30% of expenditure stated under the head 'Operating and Administrative Expenses' - These expenses were spent by way of application of income for the purpose of carrying on the charitable activity and such application of income is fully admissible u/s 11

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There is no basis for arbitrary disallowance of adhoc 30% of ...

30% of Operating Expenses Unjustly Disallowed; Fully Permissible u/s 11 for Charitable Activities.

July 26, 2017

Case Laws Income Tax AT

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