Income Tax

Grants do not Form Corpus of the Assessee nor is It his Income under Section 11: ITAT

The Income Tax Appellate Tribunal ( ITAT ) Delhi Bench, has, on Friday, held that grants do not form the corpus of the assessee nor is it income of the assessee under Section 11 of the Act. The aforesaid observation was made by the tribunal while dismissing the appeals filed by the revenue on the […]

Grants do not Form Corpus of the Assessee nor is It his Income under Section 11: ITAT Read More »