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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Benefit of exemption u/s. 11 - The receipts from BCCI are not in ...


Assessee Eligible for Tax Exemption: BCCI Receipts Not Trade-Related, Section 11 Applies, Proviso to Section 2(15) Irrelevant.

February 14, 2018

Case Laws     Income Tax     AT

Benefit of exemption u/s. 11 - The receipts from BCCI are not in the nature of trade, business or commerce and consequently the proviso to section 2(15) of the Act was not applicable - assessee is entitled for exemption u/s 11 and 12 - AT

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