https://www.taxtmi.com/caselaws?id=754320 ITAT Hyderabad held that assessee without registration under section 10(23) cannot claim exemption under section 10(23C) for non-filing audit report in Form 10BB. The tribunal directed assessment as Association of Persons (AOP) allowing deduction of admissible expenses from gross receipts including salary, puja expenditure, and regular expenditure. Matter remanded to Assessing Officer for taxing net income after allowable deductions and to CIT(A) for fresh adjudication of unaddressed grounds with proper opportunity for assessee to present evidence. en-us Fri, 12 Jan 2024 00:00:00 +0530 Fri, 21 Jun 2024 08:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754320 ITAT Hyderabad held that assessee without registration under section 10(23) cannot claim exemption under section 10(23C) for non-filing audit report in Form 10BB. The tribunal directed assessment as Association of Persons (AOP) allowing deduction of admissible expenses from gross receipts including salary, puja expenditure, and regular expenditure. Matter remanded to Assessing Officer for taxing net income after allowable deductions and to CIT(A) for fresh adjudication of unaddressed grounds with proper opportunity for assessee to present evidence. Case-Laws Income Tax Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754320