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2011 (12) TMI 640 - AT - Income TaxExtract: .......reduce the same from the income of the trust for determining the percentage of funds which had to be applied for the purposes of the Trust. The order of the ld. CIT(A) is thus upheld. 6. In the result, the appeal filed by the revenue is dismissed. Order was pronounced in the open court on 21st December, 2011, immediately after the hearing was over.
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