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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Merely because some of the donors have stated that they have ...

Income Tax

March 2, 2017

Merely because some of the donors have stated that they have given donation for admission, which have been retracted later on, the same in our opinion will not dis-entitle the assessee trust from getting exemption which is existing solely for educational purposes - There cannot be wholesale denial of exemption u/s.11 for violations of provisions of section 13(1)(c) - AT

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