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2013 (7) TMI 1174 - AT - Income TaxExtract: ....... a proper utilization of funds of the assessee for charitable purposes. In view of the above, we hold that assessee had utilized the funds for charitable purposes and therefore the appeal filed by the assessee is allowed. 11. In the result, the appeal filed by the assessee is allowed. 12. Order pronounced in the open court on 5th day of July, 2013.
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