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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Exemption u/s 11 - Assessee has violated section 11(2)(b) r.w.s. ...

Income Tax

April 1, 2023

Exemption u/s 11 - Assessee has violated section 11(2)(b) r.w.s. 11(5) - Only the relevant income falling within the mischief of section 13(1)(d) of the Act will lose the benefit of exemption under section 11 and 12 of the Act and the balance of the total income of the trust will remain eligible for the benefit of exemption under section 11 of the Act. - AT

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