No denial of sec. 11 exemption to Bombay Chamber of Commerce as its members have no shares in surplus assets: ITAT

INCOME TAX : Where assessee-Chamber of Commerce was established to promote and protect trade, commerce and manufacture of India and no portion of its income or property was transferred to its members, benefit of section 11 could not be denied to assesseeINCOME TAX : Where assessee-Chamber of Commerce was established to promote and protect trade, commerce and manufacture of India and no portion of its income or property was transferred to its members, benefit of section 11 could not be denied to assesseewww.taxmann.com Latest Case LawsRead More

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