If the assessee makes investments or deposits in the scheduled ...

Deposits in Scheduled Banks u/s 11 Cannot Be Disallowed If Not Directly Used for Society's Objectives.

September 26, 2016

Case Laws Income Tax AT

If the assessee makes investments or deposits in the scheduled bank and claims the deposits as accumulated for the purpose of section 11(1)(a) or 11(2), the investment or deposit cannot be disallowed only for the reason that application of money was not for the object of the society. - AT

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If the assessee makes investments or deposits in the scheduled ...

Deposits in Scheduled Banks u/s 11 Cannot Be Disallowed If Not Directly Used for Society's Objectives.

September 26, 2016

Case Laws Income Tax AT

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