Application of income u/s 11(1)(a) allowable on 15% of gross receipts not surplus remaining
November 6, 2025
Income Tax, ITAT
Charitable Institution is entitled to application of 15 per cent of gross receipts u/s 11(1)(a) without considering expenditure incurred or surplus available In a recent judgment, ITAT Pune has held that Charitable Institution is entitled to application of 15 per cent of gross receipts u/s 11(1)(a) without considering …