ITAT Kolkata Restores 12A Registration – Bengal Chamber of Commerce Recognised as Charitable Entity

Bengal Chamber of Commerce & Industry Vs Deputy Director of Income Tax (ITAT Kolkata) ITAT Kolkata allowed the appeal of The Bengal Chamber of Commerce & Industry, holding that it is entitled to registration u/s 12A & consequent exemption u/s 11. AO had denied exemption treating the Chamber as a non-charitable entity, & added various expenditures-such as contributions to provident & superannuation funds, gratuity, building repairs, doubtful debts, & donations-to taxable income. CIT(A) upheld the denial, observing that the Chamber was not registered u/s 12A for the relev...