2015 (9) TMI 1447 - SCH - Income Tax

Exemption to be granted as provided u/s 13(1)(d) or total denial u/s 11 - Held that - HC order confirmed 2014 (8) TMI 681 - MADRAS HIGH COURT the income other than dividend income has to be taxed only to the extent to which the violation was found by the AO - there is a vital difference between eligibility for exemption and withdrawal of exemption/forfeiture of exemption for contravention of the provisions of law Decided against Revenue.