2023 (6) TMI 1180

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..... carried out by assessee in terms of Section 2(15)? - ITAT and HC restored the registration and allowed the benefit of exemption - as decided by HC [ 2022 (8) TMI 1400 - ALLAHABAD HIGH COURT] , mere selling some product at a profit will not ipso facto hit assessee by applying proviso to Section 2(15) and deny exemption available u/s 11 and proviso to Section 2(15) is not applicable to the facts a .....

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