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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Exemption u/s 11(1)(a) - the advance or investment in the said ...

Case Laws     Income Tax

March 12, 2019

Exemption u/s 11(1)(a) - the advance or investment in the said lease hold property by the Assessee's Charitable Trust in the year in question could be held to be 'application of income' within the meaning of Section 11(1)(a) of the Act and therefore, the Assessee was entitled to the exemption

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