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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Exemption u/s 11 - when the assessee-trust instead of keeping ...

Income Tax

December 27, 2017

Exemption u/s 11 - when the assessee-trust instead of keeping medical equipments idle, leased out the same and utilised the lease amount for charitable activity, it cannot be said that the assessee was carrying on business activity. - AT

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