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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 and 12 - Educational institution - charging ...

Income Tax

February 28, 2018

Exemption u/s 11 and 12 - Educational institution - charging fees from the students - as per CIT(A), since sources of income are students, therefore, students cannot be reckoned as ‘property held under the trust’ and activity of imparting education also cannot be reckoned as property. - order of CIT(A) is not legal - exemption allowed - AT

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