https://www.taxtmi.com/highlights?id=79091 The case pertains to denial of exemption u/s 11 due to alleged violation of provisions of section 13(1)(c). The Appellate Tribunal held that as the society is notified u/s 10(23C)(iv) and registered u/s 12A(a) of the Act, the conditions u/s 13 do not apply, as per CBDT Circular No. 557, dated 19.03.1990. Therefore, the Assessing Officer cannot disallow u/s 11. The Tribunal found no infirmity in the CIT(A)'s order allowing the appeal, leading to the dismissal of the Revenue's appeal. en-us Thu, 04 Jul 2024 08:16:59 +0530 Thu, 04 Jul 2024 08:16:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79091 The case pertains to denial of exemption u/s 11 due to alleged violation of provisions of section 13(1)(c). The Appellate Tribunal held that as the society is notified u/s 10(23C)(iv) and registered u/s 12A(a) of the Act, the conditions u/s 13 do not apply, as per CBDT Circular No. 557, dated 19.03.1990. Therefore, the Assessing Officer cannot disallow u/s 11. The Tribunal found no infirmity in the CIT(A)'s order allowing the appeal, leading to the dismissal of the Revenue's appeal. Highlights Income Tax Thu, 04 Jul 2024 08:16:59 +0530 https://www.taxtmi.com/highlights?id=79091