No reopening of matter when grant of benefit u/s 11 of Income Tax Act, was subject matter of appeal, rules Bombay HC
In a recent decision the Bombay High Court ruled that no reopening of matter when grant of benefit under Section 11 of the Income Tax Act, 1961 was subject matter of appeal. The Petitioner filed the original return of income disclosing total deficit at Rs. 3,26,12,415/- after claiming exemption under Section 11 of the Income…
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