Institutions carrying charity and philanthropy should not be denied tax benefit merely due to some alleged misdeeds, of officials of such institutions.

Institutions carrying charity and philanthropy should not be denied tax benefit merely due to some alleged misdeeds, of officials of such institutions. https://www.taxtmi.com/article/detailed?id=1023 Whether a charitable or philanthropic institution should lose its fiscal privileges because of misconduct by officials is addressed by distinguishing the institution from its officers and requiring detailed, evidence-based inquiry. Misconduct such as nepotistic appointments, above-market payments, or diversion of funds should result in taxation or recovery from the individuals who benefited and potential prosecution, rather than automatic denial of the institution's tax exemption, unless factual findings show the organization systematically failed to pursue its charitable objects. en-us Mon, 22 Nov 2010 00:00:00 +0530 Mon, 22 Nov 2010 00:00:00 +0530 TaxTMI RSS Generator Institutions carrying charity and philanthropy should not be denied tax benefit merely due to some alleged misdeeds, of officials of such institutions. https://www.taxtmi.com/article/detailed?id=1023 Whether a charitable or philanthropic institution should lose its fiscal privileges because of misconduct by officials is addressed by distinguishing the institution from its officers and requiring detailed, evidence-based inquiry. Misconduct such as nepotistic appointments, above-market payments, or diversion of funds should result in taxation or recovery from the individuals who benefited and potential prosecution, rather than automatic denial of the institution's tax exemption, unless factual findings show the organization systematically failed to pursue its charitable objects. Articles Income Tax Mon, 22 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=1023