https://www.taxtmi.com/caselaws?id=14477 Section 11 exemption for a public limited company's income from enlistment and renewal fees applied for the entire assessment year where its articles of association were amended during the relevant previous year to prohibit profit distribution. The amendment rectified the eligibility defect, and exemption was not restricted to income arising after the amendment date. The Tribunal's view granting exemption for the full year was upheld, confirming that compliance achieved during the previous year validated the claim for that assessment year. en-us Fri, 11 Aug 2000 00:00:00 +0530 Thu, 16 Jul 2009 11:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14477 Section 11 exemption for a public limited company's income from enlistment and renewal fees applied for the entire assessment year where its articles of association were amended during the relevant previous year to prohibit profit distribution. The amendment rectified the eligibility defect, and exemption was not restricted to income arising after the amendment date. The Tribunal's view granting exemption for the full year was upheld, confirming that compliance achieved during the previous year validated the claim for that assessment year. Case-Laws Income Tax Fri, 11 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14477