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

Case Laws Income Tax

June 4, 2018

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 ...

Case Laws Income Tax

June 4, 2018

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