ITAT Delhi Restricts Section 11 exemption Denial to Extent of Section 13 Violation

DCIT Vs Jay Singh Shikshan Sansthan (ITAT Delhi) ITAT Delhi Restricts Denial of Exemption – Section 11 Cannot be Denied in Full, Only to Extent of Violation u/s 13 ITAT Delhi Restricts Denial of Exemption – Section 11 Cannot be Denied in Full, Only to Extent of Violation u/s 13 Assessee, a charitable society registered u/s 12AA, runs educational institutions & hospital. During assessment, AO noticed outstanding payments of ₹26.30 lakh to Dr. Shailendra Yadav & ₹7.40 lakh to Dr. Sunita Yadav, both specified persons u/s 13(3). AO held that such payments violated s.13(1)(c) & ...