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Income Tax - Highlights / Catch Notes

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Exemption u/s 11(1)(a) - n the absence of any specific ...

Income Tax

June 3, 2016

Exemption u/s 11(1)(a) - n the absence of any specific prohibition, there is no reason why excess application of money, for charitable and religious purposes, (deficit) of the earlier year should not be set off against the income for the subsequent year. - HC

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