Exemption under sections 11 & 12 denied - earning interest ...

Case Laws Income Tax

February 14, 2017

Exemption under sections 11 & 12 denied - earning interest income on RBI Bonds - the activity of depositing money in the bank and earning interest would not constitute trade, commerce or business within the meaning of section 2(15) r.w. proviso thereof. - AT

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Exemption under sections 11 & 12 denied - earning interest ...

Case Laws Income Tax

February 14, 2017

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