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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - charitable purpose u/s 2(15) - profit motive ...

Income Tax

November 23, 2019

Exemption u/s 11 - charitable purpose u/s 2(15) - profit motive - supervision of activities by the Donor - it is quite normal that the donor want to verify whether the grants have been incurred for the intended purpose, which in our opinion, is in any manner does not establish that the activities of the assessee is business activity.

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