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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - addition on account of hostel surplus fee ...

Income Tax

July 24, 2018

Exemption u/s 11 - addition on account of hostel surplus fee received by the assessee - ‘providing hostel to the students/staff working for the society is incidental to achieve the object of providing education, namely the object of the society’ - exemption cannot be denied.

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