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2004 (3) TMI 374 - AT - Income TaxExtract: .......exemption from wealth-tax under s. 5(1)(i) being wholly different and distinct from the grant of exemption under s. 11(5) r/w s. 13(1)(d) of the Act. In view of this, we finally hold that the assessee trust is entitled to exemption under s. 5(1)(i) of the WT Act and it is a charitable trust. 8. In the result, the Departmental appeals are dismissed.
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