#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
Adhoc Disallowance U/S 40A(2)(a) Based on Suspicion Not Sustainable: ITAT Hyderabad
Income Tax
Income Tax
Fling of form 10B before assessment proceedings is sufficient: Exemption u/s. 11 granted
Income Tax
Income Tax
ITAT Restores 80G Application to CIT(E) for De-Novo Review, Citing Filing Error
Income Tax
Income Tax
Gross Receipts of Non-Exempt Trust Cannot Be Fully Taxed: ITAT Mumbai
Income Tax
Income Tax
Charitable trust registration remanded for fresh adjudication due to summary rejection
Income Tax
Income Tax
Exemption u/s. 11 cannot be denied for bonafide error in ITR: ITAT Jaipur
Income Tax
Income Tax
Delay in filing Audit Report in Form 10B due to Covid-19 condoned: Orissa HC
Income Tax
Income Tax
Denial of exemption u/s. 11 & 12 set aside as loan borrowed at higher rate solely for benefit of society
Income Tax
Income Tax
20th Proviso to section 10(23C) applies prospectively hence denial of exemption u/s. 10(23C)(vi) not justified
Income Tax
Income Tax
Addition u/s 153A for completed assessments couldn’t be made without incriminating material
Income Tax
Income Tax
Entire exemption u/s. 11 cannot be denied for short charging of rent from trustee: ITAT Nagpur
Income Tax
Income Tax
ITAT Allows Appeal Citing No Change in Facts from Previous Years
Custom Duty
Custom Duty
Section 114 Penalty set aside as no fraudulent export evidence recorded: CESTAT Delhi
Income Tax
Income Tax
