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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - Scope of newly inserted section 11(6) - ...

Income Tax

February 10, 2023

Exemption u/s 11 - Scope of newly inserted section 11(6) - Depreciation on assets - Double benefit - Apex Court has as settled the issue - amendment brought in Section 11(6) of the Act vide Finance Act, no. 2 / 2014 is prospective in nature, from assessment year 2015-1,6 while the present year under consideration is A.Y. 2014-15. - AT

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