Eligible donations by trust/institution to another trust/institution are application for charitable or religious purposes only to the extent of 85%…
Exemption u/s 11 denied on filing wrong ITR-5 instead of ITR-7 by mistake. A genuine and inadvertent mistake by filing…
Depreciation allowable u/s 11(6) when assessee has not claimed cost of fixed assets as application of income in any previous…
Waiver of rent payable by tenant amounts to application of income and therefore taxable. It cannot be construed as overriding…