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Income Tax - Highlights / Catch Notes

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Exemption u/s 11(2) - pursing these valid objects of general ...

Income Tax

November 23, 2018

Exemption u/s 11(2) - pursing these valid objects of general public utility through lawful statutory schemes cannot be considered as business activity, and, as a corollary thereto, exemption under section 11(2) cannot be declined by invoking proviso to Section 2(15)

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