Section 10(23C)(iiiad) Benefit Allowed as Turnover Fell Below ₹1 Crore: ITAT Amritsar

Advertisement Baba Farid Public Welfare Society Vs ITO (Exemptions) (ITAT Amritsar) The appeal arose from the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2015-16 affirming, in part, the assessment order passed under Section 143(3) of the Income Tax Act, 1961. The assessee challenged the ad hoc disallowance of 10% of salary expenses, 10% of other expenses, denial of deduction under Section 10(23C)(iiiad) read with Rule 2BC, and the non-consideration of its pending registration under Section 12A. The assessee also contended that relief should be granted after excludi...