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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 & 12 - sale the immovable property for medical ...

Case Laws     Income Tax

March 19, 2018

Exemption u/s 11 & 12 - sale the immovable property for medical facilities - the activities of the trust are carried out in accordance with objects mentioned in the trust deed and accordingly there is no violation under the provisions of Section 11 / 12 - AT

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  10. Exemption u/s 11 - the immovable property was sold and the amount of the sale proceeds were donated to the corpus of the other charitable society/trust. Section 11(1)(a)...

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