#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 11 Exemption Allowed Despite Delay in Form 10BB
Income Tax
Income Tax
Appeals Rejected Due to Unexplained Nine-Year Delay in Filing
Income Tax
Income Tax
Reassessments Quashed Due to Lack of Year-Specific Seized Material: SC
Income Tax
Income Tax
Donations Deduction Allowed Despite Return-Form Constraints
Income Tax
Income Tax
Filing ITR-7 Instead of ITR-5 Doesn’t Invite Automatic Disallowance
Income Tax
Income Tax
Form 10B Filing Held Directory, Not Mandatory for Section 11
Income Tax
Income Tax
Revised Form 10 Filed During Assessment Held Valid for Accumulation Claim of Trust
Income Tax
Income Tax
Section 144C Can’t Extend Limitation: TP Assessment Quashed as Time-Barred
Income Tax
Income Tax
Proviso to Section 2(15) Inapplicable to Solar Energy Promotion Activities: ITAT Delhi
Income Tax
Income Tax
PF Delay Partly Disallowed, MAT Issue Sent Back for Verification
Income Tax
Income Tax
Only Real Income Taxable; ITAT Mumbai Deletes Addition, Section 11 Denial Academic
Income Tax
Income Tax
Exemption Restored Because Form 10B Filed Within Extended Due Date
Income Tax
Income Tax
Technical Rejection of U/s 12AB Application Set Aside for Fresh Examination
Income Tax
Income Tax
