#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
Section 12AB Registration Rejected Over Object Allowing Activities Outside India: ITAT Mumbai
Income Tax
Income Tax
Section 12AB Registration Denied to Trust Benefiting Particular Community: ITAT Ahmedabad
Income Tax
Income Tax
Section 12AA Registration Cannot Be Cancelled on Mere Capitation Fee Allegations: ITAT Chennai
Income Tax
Income Tax
Section 13 Violation Does Not Warrant Denial of Entire Section 11 Exemption: ITAT Delhi
Service Tax
Service Tax
Performance Bank Guarantee Invocation Quashed for Unrelated Earlier Contract Claim: Calcutta HC
Income Tax
Income Tax
Only Net Income of Trust Taxable Despite Section 11 Denial: ITAT Hyderabad
Income Tax
Income Tax
ITAT Bangalore Upholds Relief on Section 14A, MAT & Depreciation for Canara Bank
Income Tax
Income Tax
Section 147 Reassessment Quashed as Reopening Based on Change of Opinion: ITAT Mumbai
Income Tax
Income Tax
Section 11 Exemption Restored as Section 13 Violation Not Established: Telangana HC
Income Tax
Income Tax
