Case Law Details
Case Name : Shri Ram Sharnam Sabha Regd. Vs ITO (ITAT Delhi)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Delhi
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Shri Ram Sharnam Sabha Regd. Vs ITO (ITAT Delhi)
Facts- The assesse is a society, engaged in religious and charitable activities. This society is running Ashrams and Medication programmes and was duly granted registration u/s 12AA. The assessee filed its ITR for AY 2016-17 declaring a taxable income of Rs. Nil. The AO noticed that the assessee society was required to apply 85% of its income on the objectives of the society. As per AO, accumulation of income in excess of 15% of the income is
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