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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - whereas the aseesee has spent corpus donation ...


Section 11 Exemption Upheld: Spending Corpus Donations on 35AC Projects Permissible Under Income Tax Act.

July 29, 2014

Case Laws     Income Tax     AT

Exemption u/s 11 - whereas the aseesee has spent corpus donation for 35AC projects and the same cannot be the basis for denying the benefits of exemption as the latter is not prohibited by the provisions of the Act - AT

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