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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - the assessee association’s primary purpose ...

Income Tax

October 17, 2016

Exemption u/s 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 - assessee is not hit by proviso to section 2(15) - AT

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