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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - Deemed income - Permissible Adjustment to be ...

Case Laws     Income Tax

June 20, 2023

Exemption u/s 11 - Deemed income - Permissible Adjustment to be made by the CPC u/s 143(1) - The benefit of deduction of the deemed income specified u/s 11(3) is available to the assessee and therefore such adjustment cannot be made in the return of income under the provisions of section 143(1) of the Act. - AT

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