https://www.taxtmi.com/highlights?id=54834 Exemption u/s 11 and 12 - Amount deployed towards share capital of BARC pursuant to the policy of the Central Government and TRAI recommendations - BARC, being a not for profit Company under section 25 of the Companies act, 1956, is not permitted to distribute any dividends or profits to its shareholders - Benefit of exemption cannot be denied - AT en-us Sat, 19 Sep 2020 20:04:02 +0530 Sat, 19 Sep 2020 20:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54834 Exemption u/s 11 and 12 - Amount deployed towards share capital of BARC pursuant to the policy of the Central Government and TRAI recommendations - BARC, being a not for profit Company under section 25 of the Companies act, 1956, is not permitted to distribute any dividends or profits to its shareholders - Benefit of exemption cannot be denied - AT Highlights Income Tax Sat, 19 Sep 2020 20:04:02 +0530 https://www.taxtmi.com/highlights?id=54834