https://www.taxtmi.com/caselaws?id=329498 The ITAT allowed the appeal, directing taxation of the amount violating Section 13 at MMR and granting exemption under Section 11 for the remaining surplus income. The decision aligned with legal principles, requiring MMR application only to the violating amount, ensuring a fair taxation approach. en-us Mon, 06 Jun 2016 00:00:00 +0530 Mon, 04 Jul 2016 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329498 The ITAT allowed the appeal, directing taxation of the amount violating Section 13 at MMR and granting exemption under Section 11 for the remaining surplus income. The decision aligned with legal principles, requiring MMR application only to the violating amount, ensuring a fair taxation approach. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329498