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ACIT Central Circle Karnal Versus Galaxy Global Educational Trust

Addition u/s 69C - assessee had actually admitted undisclosed income at the time of search and has also made surrender to that extent on the based on the seized documents - CIT(A) deleted addition - assessee trust got registration under section 12A - receipt of corpus donations - Held that - As from notes of accounts forming part of balance sheet as on 31.03.2009 mentions that the assessee trust receive voluntarily contributions and corpus donations represents acquisitions of assets i.e. land bu....... + More


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