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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Registration u/s 12AA - port trust to control the activities at ...


High Court Examines Port Trust's Charitable Status for Tax Exemption u/s 12AA Despite Income Generation.

May 13, 2014

Case Laws     Income Tax     HC

Registration u/s 12AA - port trust to control the activities at a major port for utilizing and creating facilities - Charitable Purpose - though it earns income in the process, it is not liable to income-tax - HC

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