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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Merely because while carrying out the activities for the purpose ...


High Court: Incidental Surpluses in Trust Activities Not Classified as Trade or Commerce Under Trust Law.

January 30, 2014

Case Laws     Income Tax     HC

Merely because while carrying out the activities for the purpose of achieving the objects of the Trust, certain incidental surpluses were generated, would not render the activity in the nature of trade, commerce or business - HC

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