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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Eligibity for exemption under section 11 - the assessee ...


Assessee Association Retains Charitable Status for Advancing Public Utility, Even with Profitable Activities u/s 11.

August 6, 2015

Case Laws     Income Tax     AT

Eligibity for exemption under section 11 - the assessee association's primary purpose was advancement of objects of general public utility and it would remain charitable even if an incidental or ancillary activity or purpose, for achieving the main purpose was profitable in nature. - AT

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