Tax Exemption Denied: Society's Income Assessed u/s 11, AO to Consider Deduction Claims Per Income Tax Act.

Tax Exemption Denied: Society's Income Assessed u/s 11, AO to Consider Deduction Claims Per Income Tax Act. https://www.taxtmi.com/highlights?id=71651 Assessment of income after denial of exemption u/s 11 - assessing the gross receipts of the assessee society as its income - AO directed to consider the assessee’s claim for deduction of expenses as debited in the income and expenditure account under the provisions of the Act. - AT en-us Fri, 25 Aug 2023 10:46:33 +0530 Fri, 25 Aug 2023 11:19:35 +0530 TaxTMI RSS Generator Tax Exemption Denied: Society's Income Assessed u/s 11, AO to Consider Deduction Claims Per Income Tax Act. https://www.taxtmi.com/highlights?id=71651 Assessment of income after denial of exemption u/s 11 - assessing the gross receipts of the assessee society as its income - AO directed to consider the assessee’s claim for deduction of expenses as debited in the income and expenditure account under the provisions of the Act. - AT Highlights Income Tax Fri, 25 Aug 2023 10:46:33 +0530 https://www.taxtmi.com/highlights?id=71651