Shri Saibaba Charitable Trust Vs ITO (Exemptions) Case

Shri Saibaba Charitable Trust Claimed Nil Income but Faced Tax on Rs. 49,321 Donation Expense; ITAT Rules Section 115BBE Tax Rate Cannot Apply The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that the provisions of Section 115BBE of the Income Tax Act, 1961, are attracted only in cases where additions are made under…