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2007 (6) TMI 197 - HC - Income TaxCharitable trust - Exemption u/s 11(1A) denied on ground that amount was not invested properly – amount received from sale of property partly lying in current account and partly invested in fixed deposit - as the amount invested in the current account is concerned, the same has to be considered as “classified and proper investment” – since details regarding the cheque amount were not available, matter is remanded to tribunal to find out the details regarding the cheque amount and its deposit
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