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2012 (5) TMI 396 - AT - Income TaxDisallowance u/s 40(a) while computing exemption u/s 11 on account of non deduction of TDS - held that:- Section 40 is applicable only when deductions under Sections 30 to 38 are being made in computing the income chargeable under the head "profits and gains of business or profession" under Section 28. The exception in Section 40 is carved out, only for the purpose of Section 28 and not for computing the exemption of income of a charitable trust under Section 11. - Decided in favor of assessee.
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