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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Exemption U/s.11A - whether the assessee’s activities were in ...


Court Rules Printing & Sale Activities Not "Advancement of Public Utility" Under Sec 2(15) of Income Tax Act; Exemption Granted.

July 20, 2015

Case Laws     Income Tax     AT

Exemption U/s.11A - whether the assessee’s activities were in the nature of “advancement of general public utility” being printing and sale of books, magazines, pictures, calendars, diaries and novelties wherein the second proviso to Section-2(15) of the Act is attracted? - Held No - Exemption allowed - AT

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