Exemption u/s 11 - since the net income as per expenditure ...

Income Tax

November 30, 2018

Exemption u/s 11 - since the net income as per expenditure account is much below the prescribed limit of 15%, therefore, no income is held to be taxable and consequently in all the years income has to be assessed at ‘nil’ and consequently the entire addition made by the AO and CIT(A) is directed to be deleted.

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Exemption u/s 11 - since the net income as per expenditure ...

Income Tax

November 30, 2018

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