https://www.taxtmi.com/caselaws?id=421507 The Tribunal upheld the lower authorities' findings, dismissing the appellant society's appeals and allowing the Revenue's cross-appeals. It was determined that the society collected capitation fees, which were siphoned off by the President for personal enrichment, leading to violations of section 13(1)(c) and the denial of exemption under section 11. The disallowance of prior period expenses was also upheld, with emphasis placed on the evidentiary value of statements recorded under section 132(4) and the lack of credibility in retractions made by involved individuals. en-us Fri, 01 Apr 2022 00:00:00 +0530 Mon, 25 Apr 2022 22:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421507 The Tribunal upheld the lower authorities' findings, dismissing the appellant society's appeals and allowing the Revenue's cross-appeals. It was determined that the society collected capitation fees, which were siphoned off by the President for personal enrichment, leading to violations of section 13(1)(c) and the denial of exemption under section 11. The disallowance of prior period expenses was also upheld, with emphasis placed on the evidentiary value of statements recorded under section 132(4) and the lack of credibility in retractions made by involved individuals. Case-Laws Income Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421507