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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Benefit u/s 11(2) denied - merely because of non-furnishing of ...


High Court Affirms Section 11(2) Income Tax Exemption Cannot Be Denied for Not Providing Future Spending Details.

June 2, 2015

Case Laws     Income Tax     HC

Benefit u/s 11(2) denied - merely because of non-furnishing of the details, as how the said amount is proposed to be spent in future, the assessee cannot be denied the exemption as is admissible under sub-section 2 of Section 11 of the I.T.Act, 1961 - HC

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