https://www.taxtmi.com/caselaws?id=294088 The departmental appeals, filed beyond the time limit due to a late order receipt, were allowed after condonation. Donations received by a Tibetan Buddhist Temple for monastery construction were incorrectly treated as taxable income but were later deleted by the CIT (Appeals). Expenditure for construction was wrongly disallowed as capital expenditure, which was deemed baseless and deleted. The appellant, a charitable society, was not taxed on donations as income, as they were solely for construction purposes. The bench emphasized the importance of proper registration under sections 11 and 12 for tax applicability and upheld the deletion of additions by the Assessing Officer. en-us Tue, 28 Oct 2014 00:00:00 +0530 Sat, 20 Mar 2021 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294088 The departmental appeals, filed beyond the time limit due to a late order receipt, were allowed after condonation. Donations received by a Tibetan Buddhist Temple for monastery construction were incorrectly treated as taxable income but were later deleted by the CIT (Appeals). Expenditure for construction was wrongly disallowed as capital expenditure, which was deemed baseless and deleted. The appellant, a charitable society, was not taxed on donations as income, as they were solely for construction purposes. The bench emphasized the importance of proper registration under sections 11 and 12 for tax applicability and upheld the deletion of additions by the Assessing Officer. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294088