https://www.taxtmi.com/caselaws?id=461027 ITAT Chandigarh upheld the addition of unutilized grant-in-aid received from Government of India for infrastructure development. The assessee failed to establish exemption under Section 10(23C)(iiiab) or demonstrate compliance with Section 12AA registration requirements. The tribunal found that voluntary contributions received constitute income under Section 2(24)(iia), and the assessee could not specify applicable exemption provisions. Claims for exemption under Sections 11/12AA and 10(23C) were rejected as inapplicable to the case circumstances. The assessee's mixed accounting method was deemed impermissible under Section 145(1). en-us Wed, 20 Jan 2016 00:00:00 +0530 Fri, 07 Mar 2025 19:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461027 ITAT Chandigarh upheld the addition of unutilized grant-in-aid received from Government of India for infrastructure development. The assessee failed to establish exemption under Section 10(23C)(iiiab) or demonstrate compliance with Section 12AA registration requirements. The tribunal found that voluntary contributions received constitute income under Section 2(24)(iia), and the assessee could not specify applicable exemption provisions. Claims for exemption under Sections 11/12AA and 10(23C) were rejected as inapplicable to the case circumstances. The assessee's mixed accounting method was deemed impermissible under Section 145(1). Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461027