ITAT allows Income tax exemption to Sharda Mandir High School

Sharda Mandir High School Vs CIT (ITAT Mumbai) The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has ruled that the unregistered Association of Persons formed by agreement merging two charitable Trusts eligible for exemption under Income Tax. The appellant Sharda Mandir High School which is an Association of person (AOP), against order passed by The Commissioner Of Income Tax (Exemption), Mumbai for assessment year 2018 – 19 u/s 10 (23C) (vi) of The Income Tax Acton 30 September 2019. Per that order, application made by the assessee on 22/9/2018 seeking exemption under that Section wa...