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1976 (9) TMI 24 - HC - Income TaxExtract: .......deed in operation was the original deed of the year 1947 and to consider in the light of that trust deed, whether the income from the trust property was applied to or accumulated for application to the charitable purposes mentioned therein, as contemplated by section 11(1)(a) of the Act and with what consequence. There will be no order as to costs.
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