https://www.taxtmi.com/caselaws?id=218522 The Tribunal ruled in favor of the assessee society, determining that the amounts received were refundable deposits, not capitation fees. It held that the additions under Section 68 were unwarranted as the deposits were properly supported and used for charitable purposes, negating their taxability. The Tribunal also vacated the CIT(A)'s directive under Section 41(1) and affirmed the charitable nature of the society's activities under Section 11. The Revenue's appeals were dismissed, and the assessee's appeals were allowed. en-us Mon, 30 Jul 2012 00:00:00 +0530 Wed, 17 Oct 2012 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218522 The Tribunal ruled in favor of the assessee society, determining that the amounts received were refundable deposits, not capitation fees. It held that the additions under Section 68 were unwarranted as the deposits were properly supported and used for charitable purposes, negating their taxability. The Tribunal also vacated the CIT(A)'s directive under Section 41(1) and affirmed the charitable nature of the society's activities under Section 11. The Revenue's appeals were dismissed, and the assessee's appeals were allowed. Case-Laws Income Tax Mon, 30 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218522