#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
Investment Cannot Be Treated as Income Merely for Alleged Section 13 Breach: ITAT Delhi
Income Tax
Income Tax
Time limit for filing application u/s. 80G(5) doesn’t apply to trust which already started charitable activities before Provisional Registration
Income Tax
Income Tax
Unpaid Interest to Scheduled Co-op Bank Disallowable Under Section 43B: ITAT Mumbai
Income Tax
Income Tax
Rajasthan High Court Upholds Section 11 Exemption as Activities Held Charitable
Income Tax
Income Tax
Section 11(3) Addition Partly Upheld: ₹1.24 Cr (AY 1994-95) Survives; Earlier Accumulations Nil; Matter Remanded to CIT(A) – ITAT Hyderabad
Income Tax
Income Tax
Wrong ITR Section: 10(23C)(iiiad) Exemption Cannot Be Denied Mechanically; Remanded to AO – ITAT Lucknow
Income Tax
Income Tax
Delhi High Court Grants Exemption Despite Incorrect Income Head in Return
Income Tax
Income Tax
Scholarship Paid in India Not Violation of Section 11(1)(c), ITAT Sets Aside 12AB Rejection
Income Tax
Income Tax
Gratuity and Leave Provisions Qualify as Application of Income under Section 11: ITAT Mumbai
Income Tax
Income Tax
Section 11 Exemption Issue Restored – AO Failed to Examine Charitable Claim Beyond Mutuality – ITAT Mumbai
Income Tax
Income Tax
Form 10B Delay Condoned by HC; Sec 11 Exemption Denial U/s 143(1) Quashed – ITAT Mumbai
Income Tax
Income Tax
Exemption U/s 11 Allowed Despite Belated Form 10B: Procedural Defect Curable; CPC Adjustment Invalid – ITAT Kolkata
Income Tax
Income Tax
6th Year Utilisation of Sec 11 Accumulation Valid; CPC Adjustment Deleted: ITAT Pune
Income Tax
Income Tax
