https://www.taxtmi.com/caselaws?id=369705 The Tribunal upheld the CIT(A)'s decisions, dismissing the appeals and confirming the disallowances, application of maximum marginal rate, denial of exemptions under sections 11 and 12, and inclusion of interest earned on FDRs in taxable income. The assessee's contentions were rejected, emphasizing the significance of timely registration under section 12AA for exemptions and the correct taxation of Body of Individuals at the maximum marginal rate. The treatment of gross receipts as taxable income without allowing related expenses was also upheld by the Tribunal. en-us Tue, 30 Oct 2018 00:00:00 +0530 Tue, 18 Dec 2018 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369705 The Tribunal upheld the CIT(A)'s decisions, dismissing the appeals and confirming the disallowances, application of maximum marginal rate, denial of exemptions under sections 11 and 12, and inclusion of interest earned on FDRs in taxable income. The assessee's contentions were rejected, emphasizing the significance of timely registration under section 12AA for exemptions and the correct taxation of Body of Individuals at the maximum marginal rate. The treatment of gross receipts as taxable income without allowing related expenses was also upheld by the Tribunal. Case-Laws Income Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369705