Denial of Section 10(23C)(vi) exemption raises questions on eligibility for assessment u/s 11 for charitable activities.

Denial of Section 10(23C)(vi) exemption raises questions on eligibility for assessment u/s 11 for charitable activities. https://www.taxtmi.com/highlights?id=59122 Exemption u/s. 10(23C)(vi) denied - eligibility to Assessment u/s 11 - Charitable activity u/s 2(15) - an expenditure which did not even form a part of application claimed - As the assessee wholly and exclusively carried out its objects for which it was established and even if there is a violation as suggested by CCIT, it was not claimed for the purpose of application of income. - AT en-us Mon, 09 Aug 2021 15:23:43 +0530 Mon, 09 Aug 2021 15:23:43 +0530 TaxTMI RSS Generator Denial of Section 10(23C)(vi) exemption raises questions on eligibility for assessment u/s 11 for charitable activities. https://www.taxtmi.com/highlights?id=59122 Exemption u/s. 10(23C)(vi) denied - eligibility to Assessment u/s 11 - Charitable activity u/s 2(15) - an expenditure which did not even form a part of application claimed - As the assessee wholly and exclusively carried out its objects for which it was established and even if there is a violation as suggested by CCIT, it was not claimed for the purpose of application of income. - AT Highlights Income Tax Mon, 09 Aug 2021 15:23:43 +0530 https://www.taxtmi.com/highlights?id=59122