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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - receipt of sponsorship income from India and ...


Sponsorship income exempt u/s 11 of Income Tax Act; section 2(15) Proviso not applicable.

October 9, 2018

Case Laws     Income Tax     AT

Exemption u/s 11 - receipt of sponsorship income from India and abroad - commercial receipts - there is there is no proper justification for denying the exemption and the Proviso of section 2(15) is not attracted in this case

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