Home / 
Denial of Section 10(23C)(vi) exemption raises questions on eligibility for assessment u/s 11 for charitable activities.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Exemption u/s. 10(23C)(vi) denied - eligibility to Assessment u/s 11 - Charitable activity u/s 2(15) - an expenditure which did not even form a part of application claimed - As the assessee wholly and exclusively carried out its objects for which it was established and even if there is a violation as suggested by CCIT, it was not claimed for the purpose of application of income. - AT....
TaxTMI