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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Exemption u/s 11 - The donations were pass-through donations ...


Taxpayer Trusts Granted Section 11 Exemption: Donations Deemed Pass-Through with Specific Purposes, No Allocation Discretion Allowed.

February 14, 2017

Case Laws     Income Tax     AT

Exemption u/s 11 - The donations were pass-through donations with specific purposes for which the said voluntary donations can be utilized and the tax-payer has no choice but to spend these donations for specific purposes for which they were granted to the tax-payer trusts - AT

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