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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Exemption u/s 11 - Disallowing the loss on sale of assets - the ...

Case Laws     Income Tax

December 27, 2019

Exemption u/s 11 - Disallowing the loss on sale of assets - the income u/s 11 has to be determined on commercial principles and to determine the same, the losses arising on sale of assets of the society shall be considered.

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