Exemption under Section 11 cannot be claimed for the first time in Section 148 returns.
Exemption under Section 11 cannot be claimed for the first time in Section 148 returns. Issue Whether a charitable trust that failed to file returns under Section 139 within the prescribed time can validly claim exemption under Sections 11 and 12 for the first time in a return filed in response to a reassessment notice… Read More »