https://www.taxtmi.com/caselaws?id=68692 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to grant the assessee society exemption under Section 11 of the Income Tax Act. It found that the AO failed to provide sufficient evidence to prove the donations were not genuine and noted the lack of opportunity for the assessee to cross-examine donors, which violated principles of natural justice. The Tribunal emphasized that as long as the society is registered under Section 12AA and applies its income for charitable purposes, the exemption cannot be denied. The assessee's cross-objection was allowed, reinforcing the need for fair proceedings. en-us Thu, 08 Nov 2007 00:00:00 +0530 Mon, 08 Jan 2024 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68692 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to grant the assessee society exemption under Section 11 of the Income Tax Act. It found that the AO failed to provide sufficient evidence to prove the donations were not genuine and noted the lack of opportunity for the assessee to cross-examine donors, which violated principles of natural justice. The Tribunal emphasized that as long as the society is registered under Section 12AA and applies its income for charitable purposes, the exemption cannot be denied. The assessee's cross-objection was allowed, reinforcing the need for fair proceedings. Case-Laws Income Tax Thu, 08 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68692