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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - eligible for registration under section 12A - ...

Income Tax

June 29, 2021

Exemption u/s 11 - eligible for registration under section 12A - the appellant, the Delhi Police Welfare And Recreational Club Fund is charitable in its objects and is a body that constitutes a section of the public, and so, the fund founded for the benefit of such section should be treated as charitable in its objects, attracting thereby the exemption from the exigibility to tax. - AT

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