Sec. 11 exemption denied to trust as it failed to prove that income wasn't applied on account of non-receipt of fund

INCOME TAX: Where assessee-company incorporated with object of running educational institution, assigned its immovable property to 'S' Ltd. for an agreed consideration of Rs. 3.55 crores and claimed that since amount in question was not factually received during relevant year,

from www.taxmann.com Latest Case Laws https://ift.tt/2m4stKj