https://www.taxtmi.com/caselaws?id=207976 The Appellate Tribunal held that the assessee-society was not eligible for exemption under section 10(26B) of the Income Tax Act as it did not primarily serve the interests of scheduled castes or tribes. Additionally, the society was required to file a return of income under section 139(1) due to its surplus income exceeding the non-taxable limit, as per section 139(4A). The Tribunal directed the Assessing Officer to tax the surplus income of Rs.14.31 lakhs, emphasizing that the society's audited accounts supported the taxability of the surplus income. en-us Fri, 22 Jan 2010 00:00:00 +0530 Sat, 31 Dec 2011 23:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207976 The Appellate Tribunal held that the assessee-society was not eligible for exemption under section 10(26B) of the Income Tax Act as it did not primarily serve the interests of scheduled castes or tribes. Additionally, the society was required to file a return of income under section 139(1) due to its surplus income exceeding the non-taxable limit, as per section 139(4A). The Tribunal directed the Assessing Officer to tax the surplus income of Rs.14.31 lakhs, emphasizing that the society's audited accounts supported the taxability of the surplus income. Case-Laws Income Tax Fri, 22 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207976