Application of income in the computation of total income of ...
Repayment of "Ways and Means Loan" for 2004-05 Recognized as Income Application u/s 11 of Income Tax Act.
January 27, 2016
Case Laws Income Tax AT
Application of income in the computation of total income of assessee u/s. 11 - claim of assessee in respect to repayment of 'ways and means loan', borrowed during assessment year 2004-05 and wholly and exclusively used for its objects, as an application of income in the computation of total income of assessee u/s. 11 allowed - AT
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