[aaykarbhavan] No disallowance of genuine exp. of trust against its taxable income even if it failed to get sec. 12A registration

 

No disallowance of genuine exp. of trust against its taxable income even if it failed to get sec. 12A registration

May 3, 2014[2014] 44 taxmann.com 322 (Delhi)

IT: Even though assessee sports promotion board was denied registration as charitable trust and its income was brought to tax as 'income from other sources', all relevant expenditures were also to be allowed under section 57(iii)

Regards

Prarthana Jalan

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