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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - Charitable activity - running pharmacy store ...

Income Tax

March 13, 2020

Exemption u/s 11 - Charitable activity - running pharmacy store - income accrued there from was incidental to the dominant object of the respondent i.e., running of the hospital. - AO was not justified in treating the pharmacy store of the respondent as a separate business entity and to hold the surplus amount accrued there from as business income u/s 11(4A) - HC

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