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1 - 10 of 20 (0.28 seconds)Section 13 in The Income Tax Act, 1961 [Entire Act]
Section 10 in The Income Tax Act, 1961 [Entire Act]
Section 2 in The Income Tax Act, 1961 [Entire Act]
The Finance Act, 2018
Section 12 in The Income Tax Act, 1961 [Entire Act]
Section 161 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Commissioner Of Income Tax vs Divine Light Mission on 21 April, 2004
9.6 We have considered the rival submissions as well as relevant provisions of law. The
exemption u/s 10 is income specific irrespective of the status/class of person. Whereas the
exemption under section 11 is person specific though on the income derived from the property
held under the trust. Further the exemption u/s 11 is subject to the application of income and
modes or form of deposit and investment. The Hon'ble High Court in the case of CIT Vs. Divine
Light Mission (supra) while dealing with an identical issue has held in para 9 as under :