Milk Procurement Incidental to Charitable Object; Section 11 Exemption Allowed

Malanadu Farmers Society Vs DCIT (ITAT Cochin) The Income Tax Appellate Tribunal (ITAT), Cochin, decided two connected appeals concerning assessment years 2016–17 and 2022–23, arising from orders passed by the National Faceless Appeal Centre which had upheld reassessment and regular assessment orders denying exemption under Section 11 of the Income-tax Act, 1961. The assessee is a charitable society registered under the Travancore-Cochin Literary, Scientific and Charitable Societies Registration Act, 1955 and under Section 12A of the Income-tax Act. Its stated objects are social welfare ac...