Monthly Archive: December 2019

The issue is restored to the file of the AO as the assessee was not provided adverse material used by the AO while framing assessment.

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360 total views The issue is restored to the file of the AO as the assessee was not provided adverse material used by the AO while framing assessment. Further Issues of bogus share capital and share premium requires to be disposed…
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46A Rule, 68, bogus, bogus share capital, Bogus share premium, Delhi Tribunal, share premium

December 4, 2019

As per the insertion of the “Explanation” to sub-section (2) of section 11, if a trust donates its entire income for a year to another charitable trust, it would still be entitled to exemption under section 11(1)(a).

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345 total views As per the insertion of the “Explanation” to sub-section (2) of section 11, if a trust donates its entire income for a year to another charitable trust, it would still be entitled to exemption under section 11(1)(a). …
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11(1)(a), 11(2), Delhi High Court

December 4, 2019