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HomeDirect TaxIncome Tax Revision Against Charitable Trust Over Rs. 6 Crore Utilisation of...

Income Tax Revision Against Charitable Trust Over Rs. 6 Crore Utilisation of Accumulated Funds Quashed: Bombay High Court 

Direct Tax

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By Mariya Paliwala
Income Tax Revision Against Charitable Trust Over Rs. 6 Crore Utilisation of Accumulated Funds Quashed: Bombay High Court

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The Bombay High Court has dismissed an appeal filed by the Income Tax Department and upheld the Income Tax Appellate Tribunal’s (ITAT) decision quashing revision proceedings initiated under Section 263 of the Income Tax Act against Impact Foundation (India), a charitable institution registered under Section 12AA of the Act. The bench of Justice G. S….

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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