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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Accumulation of fund u/s 11(2) - Failure to submit Form 10 - ...


Failure to Submit Form 10 Denies Exemption u/s 11; Allowed Alternative Claim u/s 10(23C)(iiiad.

December 20, 2019

Case Laws     Income Tax     AT

Accumulation of fund u/s 11(2) - Failure to submit Form 10 - information related to accumulation and purpose for utilization of accumulated income - Exemption u/s 11 not available - However, alternate claim of exemption u/s 10(23C)(iiiad) allowed.

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