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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Exemption u/s 11 - application of income - since no benefit has ...


Denial of Tax Exemption u/s 11/12 Deemed Inappropriate Due to Lack of Benefit to Specified Person.

June 22, 2018

Case Laws     Income Tax     AT

Exemption u/s 11 - application of income - since no benefit has been enured to the specified person from the impugned transaction, denial of exemption u/s 11/12 of the Act is uncalled for.

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