https://www.taxtmi.com/caselaws?id=773409 ITAT Raipur held that funds received by assessee society under government schemes cannot be treated as "income" under Section 2(24) if the society functions as a pass-through entity without control over funds or right to retain unutilized amounts. The matter was restored to CIT(Appeals) to verify factual position regarding society's role as implementing agency under Rashtriya Gokul Mission and whether statutory notice requirements under Section 143(1) provisos were complied with before denying exemption under Section 11(1)(d). Appeal allowed for statistical purposes. en-us Mon, 23 Dec 2024 00:00:00 +0530 Mon, 23 Feb 2026 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773409 ITAT Raipur held that funds received by assessee society under government schemes cannot be treated as "income" under Section 2(24) if the society functions as a pass-through entity without control over funds or right to retain unutilized amounts. The matter was restored to CIT(Appeals) to verify factual position regarding society's role as implementing agency under Rashtriya Gokul Mission and whether statutory notice requirements under Section 143(1) provisos were complied with before denying exemption under Section 11(1)(d). Appeal allowed for statistical purposes. Case-Laws Income Tax Mon, 23 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773409