Hi,
I am a researcher funning a voluntary organisation in AP. I had a delay registration of 12 A when we started the organisation and we have been filing IT returns with audited statements. The year in which we did not have the 12A was pick up by the asessment officer and demanded bribe from us. When refused he slapped a demand notice for more than 1.5 lakhs for the assessment year on the pretext that our research activities do not come under the purview of charitable purpose. However when we went to appeal we noticed that we had received an advance of Rs. 5 Lkahs for executing the work in the next financial year. Can we claim that advance can not be treated as income for that particular year?? Are there any specific ourt judgements on this??
Thanks
Researcher
I am a researcher funning a voluntary organisation in AP. I had a delay registration of 12 A when we started the organisation and we have been filing IT returns with audited statements. The year in which we did not have the 12A was pick up by the asessment officer and demanded bribe from us. When refused he slapped a demand notice for more than 1.5 lakhs for the assessment year on the pretext that our research activities do not come under the purview of charitable purpose. However when we went to appeal we noticed that we had received an advance of Rs. 5 Lkahs for executing the work in the next financial year. Can we claim that advance can not be treated as income for that particular year?? Are there any specific ourt judgements on this??
Thanks
Researcher