Friday, October 4, 2019

SLP dismissed against ruling that trust registered u/s 12A can claim sec. 10(23EA) exemption

INCOME TAX: Where High Court upheld Tribunal's order holding that there was no prohibition in law that trust which qualified under sections 11 to 13, could not claim exemption under section 10(23EA), SLP filed against said order was to be dismissed

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

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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...