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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Rejection of exemption u/s 10(10C) - It appears that some ...

Income Tax

September 2, 2012

Rejection of exemption u/s 10(10C) - It appears that some officers have wrongly considered themselves bound by the circular to the extent of their being required to reject the application under Section 10(10C) merely on the basis thereof and without considering whether in law the assessees are entitled to exemption in view of their having opted for the scheme. - HC

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