Trust's Tax Exemption Stands Despite Saree Distribution; Section 10(23C)(iiiad) Clarified for Educational Trusts.

Exemption u/s 10(23C) (iiiad) - mere spending a meagre amount, out of the total income derived by the trust, towards the distribution of sarees to mothers and grandmothers of children studying in the school, cannot be the basis to deny the benefit of exemption. .....

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