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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Denial of benefit u/s 11 - diversion of income - On a plain ...

Income Tax

December 25, 2018

Denial of benefit u/s 11 - diversion of income - On a plain reading of Sections 11 and 13 of the Act, it is clear that the legislature did not contemplate the denial the benefit of Section 11 of the Act to the entire income of the Trust.

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