TMI BlogIncome Tax Act Section 11 Exemption Upheld for Society Despite Investment in Private Company Shares.Exemption u/s 11 - Investment in shares in a Private Limited Company - The members of the assessee society were the directors only in the representative capacity in the company. Therefore, in the instant case benefit under section 11 of the Act cannot be denied - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|