Exemption u/s 11 - enhancing the addition - accumulation of ...

Case Laws Income Tax

February 15, 2023

Exemption u/s 11 - enhancing the addition - accumulation of income - it is the only profits and gains derived from the incidental business of the assessee charitable-trust i.e. its pharmacy business, which would qualify as income for the purpose of computing the statutorily allowed accumulation at the rate of 15% in terms of section 11(1)(a) of the Act. - AT

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Exemption u/s 11 - enhancing the addition - accumulation of ...

Case Laws Income Tax

February 15, 2023

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