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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Entitlement to exemption u/s.11 - Assessee does not driven ...

Case Laws     Income Tax

October 8, 2015

Entitlement to exemption u/s.11 - Assessee does not driven primarily by desire or motive to earn profits but to do charity through advancement of an object of general public utility. The assessee is operating on no profit basis. - The proviso to Sec.2(15) not applicable - exemption allowed - AT

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