38 results for “charitable trust”+ Section 13(2)(b)clear
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In the result, appeals filed by the Revenue in ITA Nos
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
Section 13 (2) (h) is not applicable”. The Ld AR also submitted that for the purpose of computing the income u/s 11 to 13 of the Income Tax Act, the assessee is following the cash system of accounting. The interest collected from the impugned two loans has been offered to tax in the year of receipt. The details of loans