Monday, March 15, 2021

No additions for donations where same were utilised for assessee's objectives even if it is registered u/s 12AA

INCOME TAX : Where assessee society, engaged in carrying on religious and charitable projects, had utilized maximum part of an anonymous voluntary donation received by it for aims and objectives of society, no addition qua said donation was to be made on ground that assessee society was not registered under section 12AA in current year though it was granted registration later

from www.taxmann.com Latest Case Laws https://ift.tt/3bIIpZA

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