#section 11
Log in to FollowIncome received from a charitable/religious trust will be tax-exempt under Section 11, provided that the activity being performed is incidental to the attainment of objectives set by the trust/institution, and separate books of account are maintained by the particular trust/institution pertaining to the business. In this article, we look at some of the major exemptions provided under Section 11 of the Income Tax Act.
Income Tax
Income Tax
Exemption u/s 11 Cannot Be Denied in u/s 143(1) Processing When Registration u/s 12AA Granted Retrospectively
Income Tax
Income Tax
Delay in Filing Form 9A & Return Should Be Considered for Condonation; Matter Remanded for Fresh Examination
Income Tax
Income Tax
Ex-Parte Assessment Reopened After Trust Produced Registration and Supporting Documents in Appeal
Income Tax
Income Tax
Trust Registration Rejection Set Aside Because Technical Error in Application Is Not Valid Ground
Income Tax
Income Tax
Madras HC Condoned Delay in Filing Form 10B as Trust Was Preoccupied with Foreign Donors
Income Tax
Income Tax
ITAT Delhi Allows Exemption Because Trust Required to File Form 10BB, Not Form 10B
Corporate Law
Corporate Law
Insolvency Proceedings Triggered as Corporate Debtor Admits Financial Default & Files Section 10 Application
Income Tax
Income Tax
Income Tax Addition for Capitation Fees Rejected Because Statement Was Uncorroborated
Income Tax
Income Tax
Appeal Against 143(1) Proposed Adjustment Invalid; Assessee Allowed Fresh Appeal
Income Tax
Income Tax
ITAT Allows Charitable Trust Relief Because Sub-Grant to Foreign University Was a Tied-Up Project Grant
Income Tax
Income Tax
Section 80G Approval Cannot Be Denied Merely Because Trust Has Fee Receipts or Surplus – ITAT Directs CIT(E) to Grant Approval
Income Tax
Income Tax
Income tax returns and assessment particulars constitute personal information within 8(1)(j) of RTI
Income Tax
Income Tax
Section 11 Benefit Depends on Cost-Based Pricing Because Profit Motive Matters: ITAT Raipur
Income Tax
Income Tax
