https://www.taxtmi.com/caselaws?id=226188 The Tribunal upheld the CIT(A)'s decision to tax the net income instead of gross receipts and Hundi collection, emphasizing the society's charitable activities and lack of registration under section 12A. Additionally, the Tribunal supported the exclusion of certain expenses from the gross receipt, considering the nature of the society's activities. The appeal by the Revenue was dismissed, and the Cross objection by the assessee was disposed of accordingly. The judgment highlighted the significance of assessing expenses and activities in determining tax liability, particularly in cases without registration under relevant sections of the Income Tax Act. en-us Thu, 14 Feb 2013 00:00:00 +0530 Sat, 20 Apr 2013 21:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226188 The Tribunal upheld the CIT(A)'s decision to tax the net income instead of gross receipts and Hundi collection, emphasizing the society's charitable activities and lack of registration under section 12A. Additionally, the Tribunal supported the exclusion of certain expenses from the gross receipt, considering the nature of the society's activities. The appeal by the Revenue was dismissed, and the Cross objection by the assessee was disposed of accordingly. The judgment highlighted the significance of assessing expenses and activities in determining tax liability, particularly in cases without registration under relevant sections of the Income Tax Act. Case-Laws Income Tax Thu, 14 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226188