Exemption u/s 11 - the cash (capitation fees) which has been ...

Capitation fees collected in cash, not recorded in accounts, violate Section 13(1)(c), affecting Section 11 tax exemption.

July 8, 2019

Case Laws Income Tax AT

Exemption u/s 11 - the cash (capitation fees) which has been collected by the assessee has not been recorded in the books of the assessee but has been kept outside the regular books - during search cash was not found either of the premises of the assessee or in the hands of the Managing Trustees - deemed to be used in violation of Sec. 13(1)(c)

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Exemption u/s 11 - the cash (capitation fees) which has been ...

Capitation fees collected in cash, not recorded in accounts, violate Section 13(1)(c), affecting Section 11 tax exemption.

July 8, 2019

Case Laws Income Tax AT

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