TMI BlogBenefit of exemption u/s 11 denied - profit motive - Association of leather merchants - AO has not...Benefit of exemption u/s 11 denied - profit motive - Association of leather merchants - AO has not disputed the conditions necessary for allowing exemption u/s.11 of the Act, except the applicability of proviso to Sec.2(15) - the said proviso is not applicable to the case of the Assessee - exemption allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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