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1988 (6) TMI 43 - HC - Income TaxExtract: .......gregate amount referred to in subsection (1) of section 80G. Accordingly, we answer the third question saying that, while computing the chargeable profits, 50 of the actual donations (50 of Rs. 5,38,675) should be excluded under clause (vii) of rule 1 in the First Schedule to the Companies (Profits) Surtax Act, 1964. Answered accordingly. No costs.
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