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Income Tax - Highlights / Catch Notes

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Claim of exemption u/s 11 while filing return u/s 147 - no ...

Income Tax

Claim of exemption u/s 11 while filing return u/s 147 - no return originally filed - the income has to be computed on the basis of such return in accordance with the provision of the Act, which of course will be subject to any specific provision in the Act which itself bars a claim or an exemption - AO was not justified in denying the benefit of the exemption u/s 11

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