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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Deduction for accumulation of income to the extent of 15 per ...


Assessee Entitled to Accumulate 25% of Total Donations u/s 11 of Income Tax Act.

December 26, 2011

Case Laws     Income Tax     AT

Deduction for accumulation of income to the extent of 15 per cent u/s 11- the donations received by the assessee were of Rs. 2,57,376 which constituted this property and was held to be entitled to accumulate 25 per cent there out and not merely 25 per cent of the balance of Rs. 87,0107.... - AT

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