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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Exemption under section 11 of the IT Act - no violation of the ...


High Court Confirms No Violation of Section 13(1)(c) in Tax Exemption Case Under Income Tax Act Section 11.

December 17, 2011

Case Laws     Income Tax     HC

Exemption under section 11 of the IT Act - no violation of the provisions of section 13(1)(c) of the IT Act as the interest earned on the funds received from institutional members would only reduce the cost which in turn would get proportionately divided amongst the institutional members..... - HC

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