Revision u/s 263 - eligibility to Exemption u/s 11 - The ...

Tax Case: Section 263 Review on Assessee's Eligibility for Exemption u/s 11 of Income Tax Act.

March 4, 2022

Case Laws Income Tax AT

Revision u/s 263 - eligibility to Exemption u/s 11 - The assesse’s claim of exemption of its entire income has remained unchanged and unrevised. What has only changed is the basis of the claim that too without foregoing its original basis and as an alternate only and that too when confronted with the prospect of being denied exemption of 15% of Govt. grants as originally claimed. The same does not tantamount to revising its return by any chance. - AT

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Revision u/s 263 - eligibility to Exemption u/s 11 - The ...

Tax Case: Section 263 Review on Assessee's Eligibility for Exemption u/s 11 of Income Tax Act.

March 4, 2022

Case Laws Income Tax AT

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