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2006 (7) TMI 356 - AT - Income TaxExtract: .......hropic agency and, therefore, to achieve the objectives, it has to raise its own funds. But such surplus would not come within the ambit of denying exemption under section 10(23C)( iiiad) of the Act. We accordingly, hold that the assessee trust is entitled to exemption under section 10(23C)( iiiad) of the Act. 8. In the result, appeal is dismissed.
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