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Bangalore ITAT: Trust Taxable on Net, Not Gross Receipts, Even If Section 11 Fails
11 Aug 2026 · 11 Aug 2026By CA Vijayakumar Shetty
Bangalore ITAT restored the trust’s assessment, directing net taxable income after admissible expenditure if Section 11 exemption is denied. The post Bangalore ITAT: Trust Taxable on Net, Not Gross Receipts, Even If Section 11 Fails appeared first on TaxGuru .
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