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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 & 12 - whether transaction with the caterer was ...

Income Tax

November 24, 2016

Exemption u/s 11 & 12 - whether transaction with the caterer was in substance a mere passive letting of property, which could in no way be regarded as a business? - it is an activity undertaken to enable it to carry out its charitable activities in an effective manner. - AT

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