https://www.taxtmi.com/caselaws?id=325694 The High Court upheld the AO's and CIT(A)'s decisions, denying the Assessee's claim for exemption under Section 13A of the Income Tax Act. The Court found the Assessee had not complied with statutory requirements, including maintaining proper accounts and disclosing all contributions. The ITAT's decision to grant exemption was overturned as it was deemed unsupported by evidence and contradictory. The Assessee was instructed to adhere to the statutory obligations for exemption eligibility. en-us Wed, 23 Mar 2016 00:00:00 +0530 Mon, 02 May 2016 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325694 The High Court upheld the AO's and CIT(A)'s decisions, denying the Assessee's claim for exemption under Section 13A of the Income Tax Act. The Court found the Assessee had not complied with statutory requirements, including maintaining proper accounts and disclosing all contributions. The ITAT's decision to grant exemption was overturned as it was deemed unsupported by evidence and contradictory. The Assessee was instructed to adhere to the statutory obligations for exemption eligibility. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325694