Tag Archives: Section 11

ITO (Exemption) can’t pass order if Assessee not registered u/s 12AA or Claimed Exemption u/s 11

By | December 23, 2016

Issue In the light of the Notification No. 52/14, dated 22.10.2014, issued by the CBDT, the respondent Assessing Officer, i.e., Income Tax Officer (Exemption), Muzaffarpur, has no jurisdiction to make assessment in respect of the petitioner as an assessee under Section 143(3) of the Act on the ground that it is neither registered under Section… Read More »

Trust letting out its auditorium for marriage functions not entitled to sec. 11 relief

By | September 8, 2016

IN THE ITAT CHENNAI BENCH ‘D’ Suguna Charitable Trust v. Income-tax Officer, Company Ward-I, Coimbatore CHANDRA POOJARI, ACCOUNTANT MEMBER AND G. PAVAN KUMAR, JUDICIAL MEMBER IT APPEAL NO. 2172 (MDS.) OF 2014 [ASSESSMENT YEAR 2010-11] JUNE  29, 2016 R. Meenakshi Sundaram, Adv. for the Appellant. Durai Pandian, ACIT-DR for the Respondent. ORDER Chandra Poojari, Accountant… Read More »

Section 11 Trust can not claim rental income under income from house property

By | September 9, 2015

Whether in case of Trust,  actual rent received is to be treated as the income from house property of the assessee and  not  under the head income from house property  (with the provisions of u/s. 23 & 24 of the Act) ? while arriving at the rental income of the assessee trust any expenditure incurred whatsoever related… Read More »

Income of charitable institutions excludes income exempt u/s 10

By | September 9, 2015

Whether in computing income of charitable institutions exempt under section 11, income exempt under section 10 has to be excluded ? or Whether requirement in section 11 with regard to application of income for charitable purposes does not apply to income exempt under section 10 ? Upon perusal of sections 10 and 11 it is… Read More »

Section 11 exemption to Cricket Association

By | August 20, 2015

Question: Where the Assessee is not conducting any business activity and not providing service to any trade, commerce or industry, it is eligible for exemption under section 11 ? It is BCCI, the parent organization, which is organizing and conducting T-20, one-day matches or IPL matches. The role of the assessee-society(TNCA) is only to provide stadium… Read More »