Denying the exemption u/s 11 - the income over and above amount ...
Case Laws Income Tax
August 4, 2018
Denying the exemption u/s 11 - the income over and above amount for ₹ 25 lacs from the business activity i.e. from the exploitation of its right to hold Davis Cup will be treated as ‘business income’ of the assessee and will be liable to include in its total income.
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