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1996 (2) TMI 567 - AAR - Income TaxExtract: .......onditions for granting exemption under section 10(22) of the Income-tax Act and thus its income arising or accruing from the sources mentioned in the question would not be taxable. Question (ii) Since the answer to the first question is in the affirmative and in favour of the applicant, the second question becomes academic and need not be answered.
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