Tuesday, December 22, 2020

No denial of sec. 11 exemption to institute deploying its funds to a non-profit organisation as per Govt. policy

INCOME TAX : Where a charitable institution deployed its funds in equity of a non-profit company to meet wider objectives of public charitable nature on account of Central Government policy, exemption could not be denied

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