Exemption u/s 11 - Disallowing the loss on sale of assets - the ...

Income Calculation u/s 11 Must Include Asset Sale Losses for Exemption Eligibility.

December 27, 2019

Case Laws Income Tax AT

Exemption u/s 11 - Disallowing the loss on sale of assets - the income u/s 11 has to be determined on commercial principles and to determine the same, the losses arising on sale of assets of the society shall be considered.

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Exemption u/s 11 - Disallowing the loss on sale of assets - the ...

Income Calculation u/s 11 Must Include Asset Sale Losses for Exemption Eligibility.

December 27, 2019

Case Laws Income Tax AT

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