Tuesday, May 7, 2019

Sec. 12AA registration couldn't be rejected just because society didn't carry out charitable activities

IT: Where aim and object of assessee-society was to set up, run and maintain dispensaries and hospitals for general public, same would fall within term 'medical relief' under section 2(15)

from www.taxmann.com Latest Case Laws http://bit.ly/2WqZRYh

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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