#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
Pharmacy being integral part of dominant object of hospital is eligible for exemption u/s. 11
DGFT
DGFT
Non-executive director cannot be penalized for non-fulfilment of export obligations by company
Income Tax
Income Tax
No denial of Section 11/12 exemption for technical lapses in choice of audit form
Custom Duty
Custom Duty
Rule 16 of Drawback Rules doesn’t prescribe any limitation: Delhi HC
Income Tax
Income Tax
Denial of registration u/s. 12AB for quoting wrong provision not justified: ITAT Nagpur
Income Tax
Income Tax
Trust making reasonable payment for services rendered to specified person u/s. 13(3) justifiable
Income Tax
Income Tax
Belated Form 10B Rejection Is Hyper-Technical; ITAT Nagpur allows Section 11 & 12A(1)(b) exemptions
Income Tax
Income Tax
Section 115JB of Income Tax Not Applicable to Banking Companies: ITAT Bangalore
Income Tax
Income Tax
AO Lacks Authority to Deny Section 11 Exemption After Granting Section 12AA Registration
Corporate Law
Corporate Law
Washing and dry cleaning covered within ‘manufacturing process’ u/s. 2(k) of the Factory Act
Corporate Law
Corporate Law
Complaint not maintainable as no privity of contract between concerned parties
Income Tax
Income Tax
Matter remanded to check whether activity is charitable or General Public Utility
Income Tax
Income Tax
ITAT Delhi directed TPO to accept Advance Pricing Agreement parameters for royalty adjustment
Income Tax
Income Tax
