Addition on Payment of Rent and Salary by Charitable Trust: ITAT Upholds  Allowance of Exemptions under Section 11 Income Tax Act [Read Order]

An appeal was filed against assessee on grounds of excess payments to specific persons
By Varsha Chandran - On June 24, 2024 4:14 pm - 2 mins read
ITAT - ITAT mumbai - Tax Exemption for Charitable Trusts - Rent and Salary Payment - Salary Payment by Trust - taxscan

The Income Tax Appellate Tribunal ( ITAT ), Mumbai upheld the exemptions under Section 11 of Income Tax Act and questioned the validity of the Assessing Officer’s findings in a recent appeal filed by Revenue on grounds of excessive payments made to specific persons under the charitable trust on account of salary and rent. The…

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