https://www.taxtmi.com/highlights?id=65556 Exemption u/s 11 - reasonableness of payment rent to school buildings and also computer hirings rents to the trustees - The rental agreements clearly mention that besides building other amenities like furniture, electrical fittings, parking and open ground was also used by the trust. AO is not correct in making comparison with the municipal valuation and the assessee has made excessive payment to the trustees. - AT en-us Fri, 09 Sep 2022 09:30:27 +0530 Fri, 09 Sep 2022 09:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65556 Exemption u/s 11 - reasonableness of payment rent to school buildings and also computer hirings rents to the trustees - The rental agreements clearly mention that besides building other amenities like furniture, electrical fittings, parking and open ground was also used by the trust. AO is not correct in making comparison with the municipal valuation and the assessee has made excessive payment to the trustees. - AT Highlights Income Tax Fri, 09 Sep 2022 09:30:27 +0530 https://www.taxtmi.com/highlights?id=65556