Held that when the Trust is assessed under the normal provisions of the Act, all permissible deductions, including expenditure incurred out of said income, are allowable as deductions. Matter restored to the file of the Assessing Officer. (AY 2016-17 to 2021-22)
The Zoos & Parks Authority Of Telangana v. Dy.CIT (E) (2025) 236 TTJ 117/ 174 taxmann.com 1136 (Hyd) (Trib)
S. 11: Property held for charitable purposes-Change of name]-Not applied for fresh registration-Assessed under the normal provisions of the Act]-All permissible deductions, including expenditure incurred out of said income, allowable as deduction-Matter restored to the file of the Assessing Officer. [S. 12A, 37 (1)]
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