[aaykarbhavan] Sec. 10(23AAA): Only income from investment is taxable and not whole investment made in violation of sec. 11(5)

Sec. 10(23AAA): Only income from investment is taxable and not whole investment made in violation of sec. 11(5)

June 30, 2014[2014] 45 taxmann.com 436 (Karnataka)

IT: Where Employees Welfare Fund was approved by Commissioner, only income portion from investment made in violation of section 11(5) and not whole of investment, would be liable to tax

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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