[aaykarbhavan] Impermissible deposits by trust would lead to denial of sec. 11 relief only on income from deposits; SLP dismissed

 

Impermissible deposits by trust would lead to denial of sec. 11 relief only on income from deposits; SLP dismissed

December 5, 2014[2014] 51 taxmann.com 378 (SC)

IT: In case of a charitable trust, it is only income from investment or deposit which has been made in violation of section 11(5) that is liable to be taxed and violation under section 13(1)(d) does not tantamount to denial of exemption under section 11 of total income of assessee-trust

Regards

Prarthana Jalan

__._,_.___

---

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

---

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 2

• Privacy • Unsubscribe • Terms of Use