Bombay High Court Hears Reference on Validity of Penalties for Non-Payment of Advance Tax and Self-Assessment Tax by Trust Claiming Charitable Exemption. The Tribunal Upholds Penalties Under Sections 273(2)(a) and 140A(3) of Income Tax Act, 1961 Despite Assessee's Reliance on Supreme Court Precedents Regarding Charitable Purpose Exemption.
4 Aug 2017The assessee, a trust founded in 1941, published newspapers and periodicals with stated charitable objects for the welfare of people from Kutch, Kathi...
