https://www.taxtmi.com/caselaws?id=241112 The Tribunal upheld the cancellation of registration and denial of exemption under Section 11 and Section 10(23C) of the Income Tax Act due to profit-making activities by the society. It directed verification of unaccounted income to avoid double taxation, exempted tied-up funds for specific purposes from taxation, and remitted issues regarding capital fund balances and unaccounted investments for fresh consideration. The Tribunal mandated the levy of interest under Sections 234A and 234B on assessed income and instructed proper quantification of income received for the entire course over multiple years. en-us Mon, 28 Oct 2013 00:00:00 +0530 Mon, 30 Mar 2015 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241112 The Tribunal upheld the cancellation of registration and denial of exemption under Section 11 and Section 10(23C) of the Income Tax Act due to profit-making activities by the society. It directed verification of unaccounted income to avoid double taxation, exempted tied-up funds for specific purposes from taxation, and remitted issues regarding capital fund balances and unaccounted investments for fresh consideration. The Tribunal mandated the levy of interest under Sections 234A and 234B on assessed income and instructed proper quantification of income received for the entire course over multiple years. Case-Laws Income Tax Mon, 28 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241112