https://www.taxtmi.com/caselaws?id=20578 The High Court of Kerala ruled in favor of the Chamber of Commerce, confirming their entitlement to exemption under section 11 of the Income-tax Act for income from interest on Government securities, dividends from shares, and interest from bank deposits. The court directed the Appellate Tribunal to reassess their decision regarding the Chamber of Commerce's applications for registration under section 12A and accumulation of income for the years 1973-74 and 1974-75, emphasizing the importance of a proper assessment process. en-us Thu, 21 Feb 1991 00:00:00 +0530 Sat, 14 Nov 2009 17:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20578 The High Court of Kerala ruled in favor of the Chamber of Commerce, confirming their entitlement to exemption under section 11 of the Income-tax Act for income from interest on Government securities, dividends from shares, and interest from bank deposits. The court directed the Appellate Tribunal to reassess their decision regarding the Chamber of Commerce's applications for registration under section 12A and accumulation of income for the years 1973-74 and 1974-75, emphasizing the importance of a proper assessment process. Case-Laws Income Tax Thu, 21 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20578