October 2018

2 Section 11 & 13(1)(d) It is only the income from such investment or deposit which has been made in violation of section 11(5), that is liable to be taxed; violation of section 13(1)(d) does not result in the denial of exemption u/s. 11 to the total income of the assessee.

Jagdish T. Punjabi, Devendra Jain, Tejaswini Ghag, Chartered Accountants

[2018] 194 TTJ (Del) 715

ITO vs. The Times Centre for Media and Management Studies

ITA No.:  1389/Del/2015

A. Y.:  2010-11    Dated: 31st May, 2018

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