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Income Tax - Highlights / Catch Notes

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Denial of exemption u/s.11 - proof of charitable activities - ...

Income Tax

August 4, 2018

Denial of exemption u/s.11 - proof of charitable activities - there is no merit in the action of the lower authorities for decline of claim of exemption in respect of excess of income over the expenditure which was transferred to the education fund

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  10. Denial of exemption u/s 11 - cancellation of registration u/s 12AA(3) - Since the assessee is in the micro finance activity, the activity itself is a charitable activity...

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