The benefit of exemption u/s. 11 of the Act would not be denied ...
Income Tax
March 17, 2017
The benefit of exemption u/s. 11 of the Act would not be denied on the entire income of the assessee. It is only the investments or deposits made in violation of provisions of section 11(5) of the Act that would attract maximum marginal rate of tax as per the provisions of law. - AT
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