Tag: Section 11(6)

Investment made in violation of provisions of section 11(5) can not be treated as income In a recent judgment, ITAT Nagpur held that amount of investment made by a charitable institute in violation of provisions of section 11(5) can not be treated as income, only the income arising …

Depreciation allowable u/s 11(6) when assessee has not claimed cost of fixed assets as application of income in any previous year. ABCAUS Case Law Citation:ABCAUS 3245 (2020) (02) ITAT In this appeal filed by the assessee, the issue was related to disallowance of claim of depreciation u/s 11(6) …