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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Exemption u/s 10(23B) - the income of interest is attributable ...


Trust Granted Tax Exemption u/s 10(23B) for Integrated Interest Income from Working Funds.

March 30, 2017

Case Laws     Income Tax     AT

Exemption u/s 10(23B) - the income of interest is attributable to and arises from working funds in an integrated manner and for this reason also we find that interest cannot be separated from the overall income and activities of the Trust - Benefit of exemption allowed- AT

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