https://www.taxtmi.com/caselaws?id=430611 The appeal was made against the denial of benefits under sections 11 and 12 to the assessee, a society for journalists' welfare, for AY 2020-21. The CPC treated corpus donations as income, leading to tax liability. The ld.CIT(A)/NFAC upheld this decision due to non-compliance with filing requirements. The Tribunal directed a reexamination based on CBDT instructions, emphasizing their binding nature on revenue authorities. The intimation issued by the CPC under section 143(1) was challenged, leading to a restoration for fresh adjudication, highlighting compliance with CBDT instructions for deductions under sections 11 and 12. en-us Mon, 21 Nov 2022 00:00:00 +0530 Wed, 23 Nov 2022 10:39:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430611 The appeal was made against the denial of benefits under sections 11 and 12 to the assessee, a society for journalists' welfare, for AY 2020-21. The CPC treated corpus donations as income, leading to tax liability. The ld.CIT(A)/NFAC upheld this decision due to non-compliance with filing requirements. The Tribunal directed a reexamination based on CBDT instructions, emphasizing their binding nature on revenue authorities. The intimation issued by the CPC under section 143(1) was challenged, leading to a restoration for fresh adjudication, highlighting compliance with CBDT instructions for deductions under sections 11 and 12. Case-Laws Income Tax Mon, 21 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430611