TMI BlogTrust Exempt u/s 11 of Income Tax Act: Student's Financial Status Irrelevant for Charitable Scholarship Expenditure.Exemption u/s 11 - trust - Financial status of the said student or other things are immaterial so far as purpose for which scholarship to Adheesh Bhagat is concerned - scholarship was admissible as charitable expenditure. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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