The Income Tax Appellate Tribunal (ITAT), Mumbai allowed exemption under Section 11 of the Income Tax Act, 1961 in respect of interest income, exchange gain, and miscellaneous income to the Confederation of Indian Textile Industry. The assessee, M/s Confederation of Indian Textile Industry is a non-profit organization registered under section 25 of the Companies Act, […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3hrzQm7
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