https://www.taxtmi.com/caselaws?id=448079 ITAT DELHI remanded the case to CIT(Exemptions) for fresh examination of a society's exemption claim under section 11. The society's exemption under section 80G(5)(vi) was initially rejected due to gross receipts exceeding Rs. One crore and wrongful claim under section 10(23C)(iiiad). The tribunal found the society predominantly operated on cash basis, keeping substantial receipts outside regulated banking channels, making activities unverifiable and lacking transparency required for public-funded entities. The matter was restored for re-examination of the society's amended memorandum and bye-laws to assess genuineness of activities. en-us Wed, 26 Jul 2023 00:00:00 +0530 Wed, 10 Jan 2024 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448079 ITAT DELHI remanded the case to CIT(Exemptions) for fresh examination of a society's exemption claim under section 11. The society's exemption under section 80G(5)(vi) was initially rejected due to gross receipts exceeding Rs. One crore and wrongful claim under section 10(23C)(iiiad). The tribunal found the society predominantly operated on cash basis, keeping substantial receipts outside regulated banking channels, making activities unverifiable and lacking transparency required for public-funded entities. The matter was restored for re-examination of the society's amended memorandum and bye-laws to assess genuineness of activities. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448079