Once registration granted u/s 12A entire receipts can not be taxed without allowing expenses
February 21, 2020
Income Tax, ITAT
Once registration granted u/s 12A entire receipts can not be taxed as income without allowing any expenses. Disallowances can be made only on violation of conditions. In a recent judgment, ITAT Delhi has held that Once registration granted u/s 12A entire receipts can not be taxed as income …