Charitable institution cannot lose exemption merely because some activities incidentally benefit a religious community; retrospective registration can...
Addition on account of credit card payment - Since the assessee has himself capitalized these amounts by transferring the same to his capital account without crediting the same in the profit and loss account, additions were rightly made.
Addition on account of credit card payment - Since the assessee has himself capitalized these amounts by transferring the same to his capital account without crediting the same in the profit and loss account, additions were rightly made.
Note: It is a system-generated summary and is for quick reference only.