Wednesday, October 24, 2018

IT Exemption allowable on Sponsorship Receipt Received by Charitable Trust for Conducting Seminars: ITAT

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) in the case Income Tax Officer v. M/s Escorts Cardiac Disease Hospital Society wherein held that Income Tax exemption allowable on sponsorship receipt received by the charitable trust for conducting seminars. In instant case, Assessee is a registered society engaged in the business of […]

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