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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Exemption on the principle of mutuality claimed - as the ...


Exemption on Mutuality Denied as Trust Beneficiaries Not Identifiable; Mutuality Concept Not Applicable.

May 3, 2016

Case Laws     Income Tax     AT

Exemption on the principle of mutuality claimed - as the individual beneficiaries of the trust cannot be identified, therefore, there is no question of applying the concept of mutuality.- AT

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