Exemption u/s 11 - grant of registration u/s. 12AA - the view of ...

Company's Revenue Doesn't Automatically Deny Tax Exemption u/s 11 and 12AA, Says Tribunal.

June 24, 2021

Case Laws Income Tax AT

Exemption u/s 11 - grant of registration u/s. 12AA - the view of the ld. CIT (Exemption) that the appellant company is a commercial organization merely because it is generating huge revenue from year to year with mark-up on the cost of 10% to 12% cannot be upheld. CIT (Exemption) had not considered the matter in proper perspective. - AT

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Exemption u/s 11 - grant of registration u/s. 12AA - the view of ...

Company's Revenue Doesn't Automatically Deny Tax Exemption u/s 11 and 12AA, Says Tribunal.

June 24, 2021

Case Laws Income Tax AT

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