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2011 (9) TMI 576 - HC - Income TaxExemption u/s 11 - Registration u/s 12A - Tribunal has set out the decision on which the Appellate Commissioner relied on to come to the conclusion that contribution made towards corpus fund cannot be treated as income for the purpose of levying of tax. Even if that corpus fund is misused it cannot be treated as income and income tax levied. - Decided in favor of the assessee
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