TaxTMI 
TaxTMI 
expenses by charitable society later on found bogus expense
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....xpenses by charitable society later on found bogus expense<br> Query (Issue) Started By: - sm surana Dated:- 18-11-2018 Last Reply Date:- 19-11-2018 Income Tax<br>Got 1 Reply<br>Income Tax<br>As per i....
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....nvestigation it was found that some of the expenses claimed, by the charitable society as application of income,were not genuine. What is the fallout ? whether it will be reduced from the amount appli....
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....ed or will be added to income ? please guide and also quote the relevant court cases and section of the act also . thanks Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: It will be added to the incom....
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....e. If the amount is considerably large, reopening of assessment is possible.<br> Discussion Forum - Knowledge Sharing ....