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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Exemption/approval to the petitioner society u/s 10(23C)(vi) ...


Society's Tax Exemption Denied u/s 10(23C)(vi) for Missing Clause on Fund Use Upon Dissolution; Issue Curable.

February 19, 2015

Case Laws     Income Tax     HC

Exemption/approval to the petitioner society u/s 10(23C)(vi) denied - there was no stipulation in the trust deed regarding utilization of the funds of the trust in the event of the dissolution/winding up of the society - defect is curable - HC

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