Temple’s Gross Donations Cannot Be Taxed Without Expenses: ITAT Hyderabad

Someshwara Laxmi Narasimha Swamy Temple Palakurthy Vs ITO (ITAT Hyderabad) Temple’s Gross Donations cannot be taxed without expenses – 12AB Rejection & Gross Taxation both Set Aside & remanded In this case four appeals were filed by Assessee temple-three against reassessment orders & one against rejection of registration u/s 12AB. For AYs 2015-16, 2016-17 & 2018-19, CIT(A) had dismissed appeals as time-barred by 11–14 days. The temple explained that being under Government Endowment administration, delays occurred due to transfer of Executive Officer & non-receipt ...