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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Exemption u/s 11(1)(a) - n the absence of any specific ...

Case Laws     Income Tax

June 3, 2016

Exemption u/s 11(1)(a) - n the absence of any specific prohibition, there is no reason why excess application of money, for charitable and religious purposes, (deficit) of the earlier year should not be set off against the income for the subsequent year. - HC

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