Exemption u/s.10(23C)(vi) - payment of lease rent to trustees of ...

Trust Exemption u/s 10(23C)(vi) Approved, Lease Rent to Trustees Not Violating Section 13(1)(c) Provisions.

June 12, 2021

Case Laws Income Tax AT

Exemption u/s.10(23C)(vi) - payment of lease rent to trustees of the trust - ld. CIT(E) had stated that this payment of lease rent is in violation of provisions of Section 13 (1)(c) of the Act. It is pertinent to note that assessee trust had only sought claim of exemption u/s. 10(23C)(vi) of the Act for which the provisions of Section 13(1)(c) need not be looked into as it is only applicable if exemption is claimed u/s.11/12 - AT

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Exemption u/s.10(23C)(vi) - payment of lease rent to trustees of ...

Trust Exemption u/s 10(23C)(vi) Approved, Lease Rent to Trustees Not Violating Section 13(1)(c) Provisions.

June 12, 2021

Case Laws Income Tax AT

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