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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Exemption under Section 11 - personal benefit - Office premises ...


Trust's Office Rent for President Approved; Exemption u/s 11 Upheld, No Violation of Tax Provisions Found.

September 27, 2013

Case Laws     Income Tax     HC

Exemption under Section 11 - personal benefit - Office premises of the President was taken by the trust on reasonable rent - section 13(3) - By keeping the office in the same building where they are residing, the activities can be looked after without making any expenditure on conveyance - benefit of exemption allowed - HC

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