https://www.taxtmi.com/highlights?id=63075 Exemption u/s 11 - The gross income is entered in the books of the assessee and accordingly reflected in final accounts. The gross income should be ascertained from books of accounts of the assessee-trust. The calculation on actual receipt of assessee made by the Ld. AO is contrary to the view of the Act. - the assessee is eligible for deduction u/s. 11(1)(a) of the Act. - AT en-us Mon, 25 Apr 2022 08:18:47 +0530 Mon, 25 Apr 2022 08:18:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63075 Exemption u/s 11 - The gross income is entered in the books of the assessee and accordingly reflected in final accounts. The gross income should be ascertained from books of accounts of the assessee-trust. The calculation on actual receipt of assessee made by the Ld. AO is contrary to the view of the Act. - the assessee is eligible for deduction u/s. 11(1)(a) of the Act. - AT Highlights Income Tax Mon, 25 Apr 2022 08:18:47 +0530 https://www.taxtmi.com/highlights?id=63075