Saturday, May 18, 2019

No denial of exemption just because trust failed to specify purpose of accumulation of funds in Form No. 10: SC

IT: SLP dismissed against High Court ruling that lack of declaration in Form No. 10 regarding specific purpose for which funds were being accumulated by assessee-trust, would not be fatal to exemption claimed under section 11(2)

from www.taxmann.com Latest Case Laws http://bit.ly/2Qc80xs
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...