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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Exemption u/s 11 and 12 - Merely because it has received certain ...


Trust Retains Tax Exemptions u/ss 11 & 12 Despite Income from Royalties and Sponsorships; Section 2(15) Applies.

November 10, 2017

Case Laws     Income Tax     AT

Exemption u/s 11 and 12 - Merely because it has received certain fund on account of royalty as well as on account of sponsorship it cannot be said that the activities of the trust are no more covered u/s 2(15) - AT

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