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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Exemption u/s 11 - Under the Indian law, a land can belong to ...


Section 11 Exemption Granted: Trusts Recognized as Owners of Meditation Hall After Building Possession Transfer.

November 7, 2015

Case Laws     Income Tax     AT

Exemption u/s 11 - Under the Indian law, a land can belong to one person and the building can be owned by other person. - When the physical possession of the building is handed over to the assessee-trusts and allowed the assessee-trusts to enjoy the same - assessee-trusts became the owners of the meditation hall - Exemption allowed - AT

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