https://www.taxtmi.com/caselaws?id=465341 Where an assessee's registration under s 12A/12AA stands restored and remains operative, its income must be computed under ss 11-12; exemption depends on application of income to charitable objects, ordinarily to the extent of at least 85% of income. Since the lower authorities had not examined whether the surplus of income over expenditure was applied for the institution's objects, the Tribunal affirmed computation under ss 11-12 and rejected treating the surplus as taxable addition. On remuneration, the substantial rise in gross receipts with unchanged remuneration did not justify treating such payment as excessive when similar remuneration had been allowed in earlier years; the Revenue's challenge failed and its appeal was dismissed. en-us Fri, 23 May 2014 00:00:00 +0530 Wed, 17 Dec 2025 21:52:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465341 Where an assessee's registration under s 12A/12AA stands restored and remains operative, its income must be computed under ss 11-12; exemption depends on application of income to charitable objects, ordinarily to the extent of at least 85% of income. Since the lower authorities had not examined whether the surplus of income over expenditure was applied for the institution's objects, the Tribunal affirmed computation under ss 11-12 and rejected treating the surplus as taxable addition. On remuneration, the substantial rise in gross receipts with unchanged remuneration did not justify treating such payment as excessive when similar remuneration had been allowed in earlier years; the Revenue's challenge failed and its appeal was dismissed. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465341