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15% Deduction under Section 11(1)(a) Applies to Gross Receipts, Not Surplus: ITAT Pune
Case Law Details
- Case Name
- DCIT (Exemption) Vs Dr. D. Y. Patil (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
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DCIT (Exemption) Vs Dr. D. Y. Patil (ITAT Pune)
Absolute 15% Exemption Upheld for Charitable Trusts – ITAT Pune Rejects Revenue’s Restriction on Section 11(1)(a); ITAT Rules 15% Deduction under Section 11(1)(a) Applies to Gross Receipts, Not Surplus; Absolute Nature of Section 11(1)(a) Exemption Reaffirmed – ITAT Dismisses Revenue Appeal; Charitable Trusts Entitled to Full 15% Accumulation on Receipts, Rules ITAT Pune; ITAT Dismisses Revenue Appeal, Confirms 15% Exemption on Gross Income for Charitable Trusts; Section 11(1)(a) Exemption is Absolute – ITAT Upholds Deduction on Gross Rec...
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