ASSISTANT COMMISSIONER OF INCOME TAX 17(2)), MUMBAI vs. NAVJBAI RATAN TATA TRUST, MUMBAI
In the result, appeal of the assessee is allowed and appeal of the Revenue is dismissed
ITA 1317/MUM/2018[2008-09]Status: DisposedITAT Mumbai24 Jan 2022AY 2008-09
Section 10(34)Section 11Section 11(1)Section 11(1)(a)Section 11(5)Section 11(5)(xii)Section 13(1)(d)Section 143(3)Section 147Section 148
therefore it may be invested within the same year or the next year, as contemplated in the explanation to section 11(1).
Section 15(1)(d) provides that the income of any public trust will not be exempt u/s.11 if it holds for any period during a previous year
