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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

There was an indirect benefit to Shri P. Subramani, Managing ...


Trustee's Indirect Benefit Violates Section 13, Denies Tax Exemption u/s 11 of Income Tax Act.

August 2, 2013

Case Laws     Income Tax     AT

There was an indirect benefit to Shri P. Subramani, Managing Trustee of the assessee - Trust and this fell clearly within the scope of Section 13(1)(c) r.w.s. 13(2)(a) Such violation did warrant denial of exemption claimed under Section 11 - AT

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