Exemption u/s 11 - violation of the provision of Section ...

Income Tax

February 13, 2021

Exemption u/s 11 - violation of the provision of Section 13(1)(c) on account of payment of remuneration to specified person - In the event of any violation of provision of section 13, the entire exemption u/s 11 cannot be denied and would be restricted only to this extent of income misused by the Trust. Accordingly, we hold that the Assessing Officer was not justified in completing denying exemption u/s 11. - AT

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Exemption u/s 11 - violation of the provision of Section ...

Income Tax

February 13, 2021

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