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2020 (2) TMI 1323 - HC - Income TaxDenying the benefits of Sections 11 and 12 - Addition invoking proviso to Section 2(15) r.w. Section 13(8) - charitable activity or not - registration under Section 12AA of the Act cancelled by the CIT - Tribunal is justified in allowing the accumulation of 15% - HELD THAT:- In view of the judgment and order passed by this Court in GUJARAT MARITIME BOARD [2020 (2) TMI 1322 - GUJARAT HIGH COURT] the substantial questions of law as proposed by the Revenue are answered against the Revenue and in favour of the assessee.
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