https://www.taxtmi.com/highlights?id=36318 Denying exemption u/s 11 & 12 - It is quite evident that the floating of subsidiary company was in tune with SEBI directions and contradicts the stand of the revenue that the sub-broker membership of the subsidiary was open to select few and not to public at large and the benefit to select few was extended by the assessee. en-us Fri, 15 Sep 2017 09:51:00 +0530 Fri, 15 Sep 2017 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36318 Denying exemption u/s 11 & 12 - It is quite evident that the floating of subsidiary company was in tune with SEBI directions and contradicts the stand of the revenue that the sub-broker membership of the subsidiary was open to select few and not to public at large and the benefit to select few was extended by the assessee. Highlights Income Tax Fri, 15 Sep 2017 09:51:00 +0530 https://www.taxtmi.com/highlights?id=36318