Tax Exemption Denied: Society's Income Assessed u/s 11, AO to Consider Deduction Claims Per Income Tax Act.

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....Assessment of income after denial of exemption u/s 11 - assessing the gross receipts of the assessee society as its income - AO directed to consider the assessee’s claim for deduction of expenses as debited in the income and expenditure account under the provisions of the Act. - AT....