Contributions received for Charitable Purpose can’t be treated as Income u/s 2(24) (iia) of Income Tax Act: ITAT allows Appeal [Read Order]

Contributions received for Charitable Purpose treated as Income - Income Tax Act - ITAT allows Appeal - TAXSCAN

The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) held that the contributions received for any charitable purposes cannot be treated as income under Section 2(24) (iia) of the Income Tax Act, 1961. The assessee society was registered under Section 12A of the Income Tax Act and receives voluntary contributions and fees for maintaining…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader