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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Denial of exemption claimed u/s 11 - receipt of the assessee ...


Assessee Denied Section 11 Exemption as "Other Income" Exceeds Limits per Second Proviso to Section 2(15.

May 10, 2017

Case Laws     Income Tax     AT

Denial of exemption claimed u/s 11 - receipt of the assessee classified by it as "other income", comprised in it seminars/delegates fees, advertisement and miscellaneous income which far exceeded limits laid down in the second proviso to section 2(15) - exemption denied - AT

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