Limitation period to file Form 10 by due date of filing ITR is applicable only w.e.f. 01-4-2016: ITAT

INCOME TAX : Where Assessing Officer rejected claim of application of income in respect of increase in fixed deposits, since assessee had not shown that amount kept in fixed deposits had been allocated to or earmarked for a charitable purpose in accordance with objects of trust, assessee was not entitled for exemption under section 11(1)(a) in respect of said deposits

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