Prospective valuation amendment limits reassessment: unamended fair market value reference could not justify reopening based on a registered valuer's ...
Application of income - once the AO u/s 11(3A) allow the assessee to apply the income for such other charitable or religious purposes, as is specified in the application, which is in conformity with the objects of the trust- benefit u/s 11(2) allowable and no addition permissible u/s 11(3)
Application of income - once the AO u/s 11(3A) allow the assessee to apply the income for such other charitable or religious purposes, as is specified in the application, which is in conformity with the objects of the trust- benefit u/s 11(2) allowable and no addition permissible u/s 11(3)
Note: It is a system-generated summary and is for quick reference only.