Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Taxability - no profit element has been included in the expenses reimbursed - amount received by the assessee on account of reimbursement which has been received over and above the amount of FTS cannot be included and taxed as part of FTS. - AT
Taxability - no profit element has been included in the expenses reimbursed - amount received by the assessee on account of reimbursement which has been received over and above the amount of FTS cannot be included and taxed as part of FTS. - AT
Note: It is a system-generated summary and is for quick reference only.
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