This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Temple Trust Loses Capital Expenditure Claim for Lack of Section 12A Registration
Case Law Details
- Case Name
- Sampath Vinayagar Temple Trust Vs CIT (Exemptions) (ITAT Visakhapatnam)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Visakhapatnam
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Sampath Vinayagar Temple Trust Vs CIT (Exemptions) (ITAT Visakhapatnam)
No Section 12A Registration, No Capital Expenditure allowed: ITAT Visakhapatnam; Without 12A Registration, Temple Trust Loses 263 Battle on Capital expenditure Claims
Assessee, not registered u/s 12A, claimed exemption u/s 11 in returns. AO completed assessments treating it as an AOP, denying exemption but allowing the entire payments as revenue expenditure without verifying their nature.
CIT(E), in revision, noted that large portions of payments (₹75.83 lakh in AY 2011-12) were capital in nature & not allowable ...
Author Info
