Income from Charitable Activities reflected as “Income from Other Sources” by mere Punching Error: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]

By Sunayana Dhal - On October 12, 2023 11:30 am - 2 mins read
Income - Charitable Activities - Income - Other Sources - Punching Error - ITAT - grants exemption - Income Tax Act - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) grants an exemption under Section 11 of the Income Tax Act, 1961 as the income from charitable activities was reflected as income from other sources by mere punching error. The assessee is a charitable trust engaged in the activity of running a school for children…

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