7 results for “disallowance”+ Section 234Cclear
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In the result, the captioned four appeals of the Assessee Trust are allowed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
disallowing the interest. 6. That the authorities below did not appreciate that the Institution is not a taxable unit because the only purpose of the Institution is imparting Sher-e- Kashmir College of Educational v. ITO education and its income is totally exempt from Income-Tax and as such there was no justification in assessing the income. 7. Again