Saturday, July 25, 2020

ITAT allows exemption to Tata Trust for sum spent on CBDT-approved foreign universities

INCOME TAX : Where assessee claimed exemption of income applied outside India for educational purpose under section 11(1)(c), in view of fact that assessee had specific approval from CBDT for said purpose, claim so raised was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/30IyGfb

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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...