https://www.taxtmi.com/caselaws?id=754990 ITAT Chennai dismissed Revenue's appeal against charitable society registered under section 10(23C)(iv) since 1977-78. Revenue alleged violation of section 13(1)(c) for letting guest house to interested parties at inadequate rent. ITAT held that conditions under section 13 are not applicable to societies notified under section 10(23C) per CBDT circular 557 dated 19.03.1990. Assessing Officer cannot make disallowances under section 11 for such notified organizations. CIT(A)'s order allowing assessee's appeal was upheld. en-us Mon, 10 Jun 2024 00:00:00 +0530 Wed, 28 Aug 2024 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754990 ITAT Chennai dismissed Revenue's appeal against charitable society registered under section 10(23C)(iv) since 1977-78. Revenue alleged violation of section 13(1)(c) for letting guest house to interested parties at inadequate rent. ITAT held that conditions under section 13 are not applicable to societies notified under section 10(23C) per CBDT circular 557 dated 19.03.1990. Assessing Officer cannot make disallowances under section 11 for such notified organizations. CIT(A)'s order allowing assessee's appeal was upheld. Case-Laws Income Tax Mon, 10 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754990