Case Law Details
Case Name : CIT (Exemption) Vs Mukund Bhavan Trust (Bombay High Court)
Appeal Number : Income Tax Appeal No. 683 of 2018
Date of Judgement/Order : 05/08/2022
Related Assessment Year : 2010-11
Courts :
All High Courts Bombay High Court
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CIT (Exemption) Vs Mukund Bhavan Trust (Bombay High Court)
Bombay High Court held that Income of trust to the extent of violation of section 13 of Income Tax Act, 1961 is liable to tax at maximum marginal rate. Section 11 Exemption cannot be denied for violation of section 13 of
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