Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]
Income Earned from letting out of Auditorium was eligible for Exemption under Section 11 of Income Tax Act, When Income was applied to Objects of Trust, rules, ITAT
In a recent decision the Income Tax Appellate Tribunal, ( ITAT ) in Mumbai, observed that income earned from letting out of auditorium was eligible for exemption under Section 11 of the Income Tax Act, 1961, when income was applied to objects of Trust The assessee was a public charitable trust registered under Section 12A…
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