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Income Tax - Highlights / Catch Notes

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Entitlement to exemption u/s 11(2) - Since the assessee has ...

Income Tax

May 3, 2016

Entitlement to exemption u/s 11(2) - Since the assessee has followed the procedure for accumulation except for the technical lapse, which can be condoned and since the assessee has applied the accumulated funds for the objects of the trust in India, exemption allowed - AT

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