Section 221 in The Income Tax Act, 2025
221. Tax on income from securitisation trusts. (1) Irrespective of anything contained in this Act, where ... securitisation trust, receives any income or any income accrues or arises to him, out of investments made in the securitisation trust, such income shall
India Securitisation And ... vs Cit Exemption, Kailash Height on 4 April, 2025
vk;dj vihyh ... charitable in nature.
3. Rebuttal of point 3 of CIT Order
The CIT states that " it can be concluded that the activities
India Securitisation And ... vs Cit Exemption, Kailash Height on 4 April, 2025
vk;dj vihyh ... charitable in nature.
3. Rebuttal of point 3 of CIT Order
The CIT states that " it can be concluded that the activities
assessment order. Claim of deduction in respect
of income arising from securitisation transaction forms part of return of
income which has been considered ... Home Finance India
Ltd. [2011] 13 taxmann.com 168 (Chny), wherein securitisation income
was held to be an income from business of long-term housing
assessment order. Claim of deduction in respect
of income arising from securitisation transaction forms part of return of
income which has been considered ... Home Finance India
Ltd. [2011] 13 taxmann.com 168 (Chny), wherein securitisation income
was held to be an income from business of long-term housing
assessment order. Claim of deduction in respect
of income arising from securitisation transaction forms part of return of
income which has been considered ... Home Finance India
Ltd. [2011] 13 taxmann.com 168 (Chny), wherein securitisation income
was held to be an income from business of long-term housing
than fifty lakh rupees. A B C D 4. Income from capital market (i) Any income in respect of— units of a Mutual (a) Fund ... securitisation trust specified in section 221 to an investor. Any securitisation trust specified in section 221. Rate: 10% —— Threshold limit: Nil. 5. Interest income
return of income. Moreover, the said
proviso is not applicable to the facts of the present case.
AO and CIT(A) has wrongly denied ... para on Page 3 of assessment order and CIT(A) in para
4.4 to 4.7 on page 7 to 9 of its order, has relied
above, the learned CIT(A) ought to have held that,
since the payee had furnished its income-tax return ('TTR') under section ... investor of a securitisation trust out
of investment made in such securitisation trust shall be chargeable to income tax.
Section 194LBC of the Act casts
Income Tax Act, 1961
("the Act") by the learned Additional/Joint Commissioner of Income Tax
(Appeals)-6, Chennai, ["learned Addl./Joint CIT ... income of a securitisation trust from the activity of securitisation.
Explanation.--For the purposes of this clause,--
(a) "securitisation" shall have the same
