Benefit of exemption u/s 11 -assessee is holder of shares in ...

Trust's Income Exemption Partially Preserved Despite Violating Section 13(1)(d) Investment Rules Under Income Tax Act.

June 4, 2018

Case Laws Income Tax AT

Benefit of exemption u/s 11 -assessee is holder of shares in violation of provisions of section 13(1)(d) - it is only the income from such investment or deposit which has been made in violation of section 11(5) that is liable to be taxed and violation u/s 13(1)(d) does not result in the denial of exemption u/s 11 to the total income of the assessee trust - AT

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Benefit of exemption u/s 11 -assessee is holder of shares in ...

Trust's Income Exemption Partially Preserved Despite Violating Section 13(1)(d) Investment Rules Under Income Tax Act.

June 4, 2018

Case Laws Income Tax AT

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