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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Application u/s 12AA rejected - When the constitution of the ...

Income Tax

October 22, 2015

Application u/s 12AA rejected - When the constitution of the Society authorizes receipt of money by way of funds, donations, contributions, grants, in addition to subscription and charges received by the Members, then non receipt of the amounts during the year, cannot be a ground to come to a conclusion that the concept of mutuality applies to the assessee - AT

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