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1998 (7) TMI 2 - SC - Income TaxRegistered public trust - To get the benefit of section 12(1), the assessee was required to show that the voluntary contribution which it had received was applicable solely for religious or charitable purposes - ITAT & HC are justified in holding that the voluntary contribution amounting to Rs. 4,55,000 was not applied and was not wholly applicable for religious or charitable purposes. In this view of the matter, the assessee, on the facts of the present case, cannot get the benefit of s. 12(1)
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