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Case Law Details

Case Name : DCIT (Exemptions) Vs ICICI Foundation for Inclusive Growth (ITAT Chennai)
Related Assessment Year : 2012-13
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DCIT (Exemptions) Vs ICICI Foundation for Inclusive Growth (ITAT Chennai)

ITAT Chennai Upholds Exemption of Corpus Withdrawals and Deletes Ad-hoc Disallowance of Administrative Expenses

The Chennai Bench of the ITAT dismissed the Revenue’s appeal and upheld the order of the CIT(A) deleting (i) the addition of ₹19.34 crore made by treating withdrawal from corpus fund as inc

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