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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Exemption u/s 11 - charitable or not u/s 2(15) – Profit making ...

Case Laws     Income Tax

December 8, 2014

Exemption u/s 11 - charitable or not u/s 2(15) – Profit making is not the object of the assesse - Profit is merely a by-product which resulted incidentally in the process of carrying out the charitable purpose - exemption allowed - AT

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