https://www.taxtmi.com/caselaws?id=761108 The Gujarat HC quashed an order passed under section 264 regarding a charitable organization's entitlement to benefits under sections 11 and 12. The petitioner had incurred expenditure for charitable purposes and applied income as required under section 11(1)(d), evidenced by Form 10B from their Chartered Accountant. However, due to a technical glitch, this application of income was not reflected in Form ITR-7, showing nil amount in the relevant column. The HC held that since the expenditure was undisputed and income was properly applied for charitable purposes, the petitioner was entitled to the benefit. The matter was remanded for fresh consideration of the technical error. en-us Tue, 15 Oct 2024 00:00:00 +0530 Mon, 04 Nov 2024 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761108 The Gujarat HC quashed an order passed under section 264 regarding a charitable organization's entitlement to benefits under sections 11 and 12. The petitioner had incurred expenditure for charitable purposes and applied income as required under section 11(1)(d), evidenced by Form 10B from their Chartered Accountant. However, due to a technical glitch, this application of income was not reflected in Form ITR-7, showing nil amount in the relevant column. The HC held that since the expenditure was undisputed and income was properly applied for charitable purposes, the petitioner was entitled to the benefit. The matter was remanded for fresh consideration of the technical error. Case-Laws Income Tax Tue, 15 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761108