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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Gross receipts having exceeded the stipulated monitory limit ...

Income Tax

March 11, 2014

Gross receipts having exceeded the stipulated monitory limit provided in the second proviso to section 2(15), the assessee is not entitled to claim exemption in this year but that fact alone cannot make the Trust non-genuine for the purpose of invoking section 12AA(3) - AT

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