https://www.taxtmi.com/highlights?id=65273 Taxability of amount received for specific purpose - Revenue Authorities have not disputed the contributions received but denied the exemption only due to the fact that the assessee is not registered u/s. 12A - observation of the CIT(A) that the assessee is not registered under any Law either as a Society or as a Trust is not factually correct - AR has produced a copy of the Registration Certificate duly registering the assessee-society under the Societies Registration Act vide Registration No.464 of 1995 - contributions received for a specific purpose cannot be treated as income u/s. 2(24)(iia) of the Act - AT en-us Thu, 25 Aug 2022 08:16:49 +0530 Thu, 25 Aug 2022 08:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65273 Taxability of amount received for specific purpose - Revenue Authorities have not disputed the contributions received but denied the exemption only due to the fact that the assessee is not registered u/s. 12A - observation of the CIT(A) that the assessee is not registered under any Law either as a Society or as a Trust is not factually correct - AR has produced a copy of the Registration Certificate duly registering the assessee-society under the Societies Registration Act vide Registration No.464 of 1995 - contributions received for a specific purpose cannot be treated as income u/s. 2(24)(iia) of the Act - AT Highlights Income Tax Thu, 25 Aug 2022 08:16:49 +0530 https://www.taxtmi.com/highlights?id=65273