Eligibility to exemption u/s 10(23FB) - For AY 2008-09 and ...

Amendment in Income Tax Act Section 10(23FB) Denies Exemption for 2008-09 and 2009-10; Assessee Must Offset Business Loss.

June 7, 2017

Case Laws Income Tax AT

Eligibility to exemption u/s 10(23FB) - For AY 2008-09 and 2009-10 there is an ammendment in section 10(23FB) - Assessee’s case does not fall under exemption category - Therefore, the assessee has to be assessed under normal provisions of law and hence, the business loss has to be set off against the other incomes. - AT

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Eligibility to exemption u/s 10(23FB) - For AY 2008-09 and ...

Amendment in Income Tax Act Section 10(23FB) Denies Exemption for 2008-09 and 2009-10; Assessee Must Offset Business Loss.

June 7, 2017

Case Laws Income Tax AT

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