#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.
Corporate Law
Corporate Law
CIRP application u/s. 9 of IBC admitted as operational debt and default thereon proved
Custom Duty
Custom Duty
CESTAT Allahabad Quashes Confiscation of Dry Dates for Lack of Proof of Foreign Origin
Income Tax
Income Tax
No Retrospective Cancellation: ITAT Rejects PCIT Action on 12A/12AB Without Section 120 Order
Income Tax
Income Tax
Exemption Under Sections 11 & 12 Cannot Be Denied for Procedural Delay in Form 10B: ITAT Hyderabad
Income Tax
Income Tax
Delay in Form 10B Filing Due to Accountant’s Oversight: Bombay HC Allows Condonation
Income Tax
Income Tax
ITAT Restores 12AB Registration Case for Reconsideration Over Overseas Fund Use
Income Tax
Income Tax
Form 10BB Delay Due to CA’s Error: Bombay HC Allows Condonation
Income Tax
Income Tax
Sec 270A Penalty Invalidated: AO Failed to Specify Misreporting Clause
Income Tax
Income Tax
Assessment Set Aside for Non-Issuance of Notice u/s 143(2)
Income Tax
Income Tax
TDS or Invoice Can’t Kill Charity – ITAT Says ₹5.97 Cr Is Donation, Not Business Income
Income Tax
Income Tax
Trial Run Power Receipts Are Capital in Nature – ITAT Rejects Revenue’s Tax Claim
Corporate Law
Corporate Law
Application u/s. 10 of IBC against Universal Journeys India Pvt. Ltd. admitted as debt and default established
Income Tax
Income Tax
Dumb Diaries Can’t Kill Charity- ITAT Says No Tax Without Proof, No Denial of Section 11
Income Tax
Income Tax
