https://www.taxtmi.com/caselaws?id=288520 The Tribunal allowed the Assessee's appeal against the determination of income and credit of funds for charitable purposes. It held that without registration under section 12A, only the net income should be taxed, not the entire gross receipts. The Tribunal emphasized that the society's activities were charitable, and revenue expenses should have been allowed. The Assessing Officer was directed to verify and allow the claim of expenditure, and the case was remanded for this purpose. As a result, the Assessee's appeal was allowed for statistical purposes. en-us Wed, 06 Feb 2019 00:00:00 +0530 Sat, 13 Jun 2020 09:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288520 The Tribunal allowed the Assessee's appeal against the determination of income and credit of funds for charitable purposes. It held that without registration under section 12A, only the net income should be taxed, not the entire gross receipts. The Tribunal emphasized that the society's activities were charitable, and revenue expenses should have been allowed. The Assessing Officer was directed to verify and allow the claim of expenditure, and the case was remanded for this purpose. As a result, the Assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288520