No Section 12AA Registration, No Section 11 Exemption: ITAT Delhi

Vaish Vyayamshala And Gooshala Vs ITO (Exemption) (ITAT Delhi) No Section 12AA Registration, No Section 11 Exemption– ITAT Delhi Dismisses Gaushala Society’s Appeal Assessee, a society running a gaushala, filed return for AY 2017-18 declaring nil income after claiming exemption u/s 11. Its gross receipts were ₹1.03 crore with a surplus of ₹8.58 lakh. Since the society was not registered u/s 12AA, AO denied exemption & assessed income at ₹8.58 lakh. On appeal, Addl. CIT(A) confirmed the denial, holding that the assessee did not have a valid 12AA registration, & its applicatio...