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SECTION 13 OF THE INCOME-TAX ACT, 1961 – CHARITABLE OR RELIGIOUS TRUST – DENIAL OF EXEMPTION

September 5, 2024

Payments to members : Where Assessing Officer disallowed salary paid to specified persons by invoking provision of section 13(1)(c) read with section 13(2)(c) and section 13(3), since assessee was availing services of members of society and Assessing Officer himself admitted that specified persons were having higher qualification and no comparable case was brought on record to substantiate that salary/ remuneration paid to them was excessive, disallowance made by Assessing Officer was not justified – ACIT v. Heritage Education Society – [2024] 166 taxmann.com 62 (Chandigarh – Trib.)

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