CHARITABLE OR RELIGIOUS TRUST - DENIAL OF EXEMPTION

SECTION 13

Sub-section (2)(a) : Where Assessing Officer rejected assessee's claim for exemption of income under section 11 on ground that certain properties had been purchased in names of individual members of assessee-society out of funds belonging to society, since impugned order was passed without examining as to whether those members held properties in fiduciary capacity for benefit of society or whether any benefits were available to members regarding utilisation of properties in question, same deserved to be set aside

[2016] 73 taxmann.com 391 (Jaipur - Tribunal)