Section 10(23C)(vi) Exemption Revoked: Activity Can Be Genuine Despite Not Aligning with Stated Objectives.

Withdrawal of exemption granted u/s 10(23C)(vi) - An activity therefore could be genuine even though the same may not be in accordance with the stated objects. - Therefore, merely because an activity is not in accordance with the stated objects, it will not result in such activity to be classified as nongenuine. .....

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