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2014 (8) TMI 1130 - SCH - Income TaxEligibility for exemption u/s 11 – Violation of section 13(1)(c)(ii) r.w. section 13(3) - Whether the assessee was ineligible for the exemption u/s 11 on the ground that there was contravention of the provisions of Section 13(1)(c)(ii) read with Section 13(3) of the Act – Held that:- Delay condoned. Leave granted. HC order saying [2014 (3) TMI 760 - DELHI HIGH COURT] assessee committed a violation of the provisions of Section 13(1)(c)(ii) read with Section 13(2) and Section 13(3) of the Act - The trust was accordingly not eligible for the exemption under Section 11 of the Act for both the years - Decided in favour of revenue.
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