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Income Tax - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Exemption u/s 11 - expenses incurred and the receipts received ...

Income Tax

June 23, 2020

Exemption u/s 11 - expenses incurred and the receipts received by the assessee specifically from the light and sound show and maintenance of museum, etc. - in the absence of any fact, instance or example on record to show that the activities of the trust are commercial ventures, the stand of Revenue cannot be accepted.

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