Shri Narayan Jan Kalyan Ewam Gramin Vikas Samiti Barnahal Mainpuri, Uttar Pradesh, 205261 Vs. Income Tax Office [Exemption], Ghaziabad, Uttar Pradesh

Parties Involved

Facts Summary

The assessee is a society engaged in running educational institutions and social activities. The assessee’s application for grant of registration u/s.12A of the Income Tax Act,1961 was rejected by the CIT (Exemption) vide order dated 31.01.2018. Thereafter, registration u/s.12A was granted for five years from AY 2022-23 onwards on the second applications made by the assessee. In the impugned assessment year, the assessee was not eligible for advantage of registration u/s.12A of the Act but was eligible for claiming exemption u/s.10(23C)(iiiad) of the Act. The said exemption was denied by the AO, who made addition of Rs.15,12,316/- on account of excess of income over expenditure. The assessee carried the issue in appeal before the CIT(A) but remained unsuccessful.…

Legal Issues

• 1. Eligibility for exemption u/s.10(23C)(iiiad) of the Income Tax Act, 1961

Judgment Outcome

Decided in favour of Assessee.

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