https://www.taxtmi.com/caselaws?id=464117 ITAT LUCKNOW held that section 40(a)/(ia) is inapplicable to a registered charitable institution claiming exemption under s.11 read with s.12A, because s.40 operates only in computing "profit and gains of business or profession" under s.28 and deductions under ss.30-38. The tribunal deleted the AO's disallowance under s.40(a)(ia) and dismissed Revenue's appeal, following earlier ITAT and HC precedents to the same effect. en-us Fri, 04 May 2018 00:00:00 +0530 Mon, 06 Oct 2025 20:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464117 ITAT LUCKNOW held that section 40(a)/(ia) is inapplicable to a registered charitable institution claiming exemption under s.11 read with s.12A, because s.40 operates only in computing "profit and gains of business or profession" under s.28 and deductions under ss.30-38. The tribunal deleted the AO's disallowance under s.40(a)(ia) and dismissed Revenue's appeal, following earlier ITAT and HC precedents to the same effect. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464117