Wednesday, August 8, 2018

No sec. 11 relief if assessee-trust held 20% profits in trusts to which advances were given; matter remanded

IT : Unless trustee of assessee trust holds more than 20 per cent share of profit in another trusts, advance given to latter would not lead to denial of benefit to assessee trust under section 11

from www.taxmann.com Latest Case Laws https://ift.tt/2OQ6OPn

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