https://www.taxtmi.com/caselaws?id=343670 The Tribunal held that the reassessment was time-barred due to an illegal order for a special audit, citing violations of natural justice principles. It reviewed and overturned various additions and income enhancements by the CIT(A) lacking proper justification. The denial of exemptions under sections 10(23C)(vi) and 11 was upheld, except for income linked to section 13 violations. The Tribunal recognized the charitable nature of the activities, rejecting the commercial classification. It allowed deductions for expenditure on the World Peace Centre and confirmed unrecorded donations and investments. Disallowances under certain sections were rejected, and the Tribunal directed a re-computation of income based on justified expenses. en-us Tue, 16 May 2017 00:00:00 +0530 Wed, 31 May 2017 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343670 The Tribunal held that the reassessment was time-barred due to an illegal order for a special audit, citing violations of natural justice principles. It reviewed and overturned various additions and income enhancements by the CIT(A) lacking proper justification. The denial of exemptions under sections 10(23C)(vi) and 11 was upheld, except for income linked to section 13 violations. The Tribunal recognized the charitable nature of the activities, rejecting the commercial classification. It allowed deductions for expenditure on the World Peace Centre and confirmed unrecorded donations and investments. Disallowances under certain sections were rejected, and the Tribunal directed a re-computation of income based on justified expenses. Case-Laws Income Tax Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343670