Exemption u/s.11 - There is an element of quid pro quo for them ...

Section 11 Exemption Valid: Student Fees Comprehension Ensures Deduction Eligibility, No Breach of Sections 11(5) or 13.

May 18, 2020

Case Laws Income Tax AT

Exemption u/s.11 - There is an element of quid pro quo for them and therefore, the students are exactly aware for what purpose their fee is going to be used for. For a moment, even if it is held that development fee is revenue receipts, the same are still eligible for deduction u/s. 11 - there is no violation of either 11(5) or 13

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Exemption u/s.11 - There is an element of quid pro quo for them ...

Section 11 Exemption Valid: Student Fees Comprehension Ensures Deduction Eligibility, No Breach of Sections 11(5) or 13.

May 18, 2020

Case Laws Income Tax AT

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