2018 (12) TMI 999 - SCH - Income Tax

Allowability to exemption u/s. 11 & 12 - rent paid by the assessee to the trustees or to the HUF where the karta was the trustee of the respondent-trust - as per AO payment of such rent would fall foul of section 13(1)(c) income of the trust not qualify for exemption - Held that - We do not find any reason to entertain this special leave petition. The special leave petition is accordingly dismissed. Pending application(s) if any stand disposed of.

Summary

The Supreme Court dismissed the special leave petition, citing no reason to entertain it. Delay was condoned, and any pending applications were disposed of.