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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

The gross receipts having exceeded the stipulated monitory limit ...

Income Tax

June 13, 2014

The gross receipts having exceeded the stipulated monitory limit provided in the second proviso to section 2(15) of the Act, 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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