Section 11 Exemption Granted as no Proof of Excessive Salary to Member

DCIT Vs Pardada Pardadi Educational Society (ITAT Delhi) ITAT Delhi held that denial of exemption u/s. 11 of the Income Tax Act by invoking provisions of section 13(1)(c) without any material brought on record to substantiate that salary paid to members were excessive. Accordingly, exemption u/s. 11 allowed and appeal of revenue dismissed. Facts- The assessee was incorporated on July 12, 2002 as a Society, and was registered u/s. 12AA and 80G of the Income-tax Act, 1961. During the year under consideration, the assessee filed its return of income on October 31, 2018 declaring ‘NIL’...