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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Exemption u/s 11 - status of the assessee trust - The assessee ...

Income Tax

February 9, 2021

Exemption u/s 11 - status of the assessee trust - The assessee trust is irrevocable trust which is duly registered under section 12A and thus, eligible for exemption u/s section 11 and 12 of the Act and during the period relevant to impugned assessment year, there was no violation of section 11(5) as well as section 13(1)(c)(ii) of the Act and thus, the exemption under section 11 and 12 has been rightly claimed by the assessee trust- AT

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