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Trust Retains Tax Exemptions u/ss 11 & 12 Despite Income from Royalties and Sponsorships; Section 2(15) Applies.

Exemption u/s 11 and 12 - Merely because it has received certain fund on account of royalty as well as on account of sponsorship it cannot be said that the activities of the trust are no more covered u/s 2(15) - AT .....

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