GYANODAYA EDUCATIONAL TRUST,KEONJHAR vs. ITO (EXEMPTION), CUTTACK
In the result, appeal of the assessee is partly allowed
ITA 304/CTK/2023[2017-18]Status: HeardITAT Cuttack03 Jun 2024AY 2017-18
For Appellant: Shri Sunil Mishra &For Respondent: Shri S.C.Mohanty, Sr. DR
Section 11Section 12ASection 143(1)Section 154Section 161
charitable and religious trusts are concerned, their business profits are not exempt from tax, except in the cases falling under clause (a) or clause (b) of section 11(4A) of the Income-tax Act. As the maximum marginal rate of tax under the new proviso to section 164
