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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Exemption u/s 11 - amount of unrecoverable fee, treated as bad ...


Trust Can Treat Unrecoverable Fees as Bad Debts for Exemption u/s 11 of Income Tax Act.

July 6, 2012

Case Laws     Income Tax     AT

Exemption u/s 11 - amount of unrecoverable fee, treated as bad debts, is also allowable to the appellant trust while computing its surplus and application of its income for the purpose of granting exemption u/s 11 - AT

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