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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

One of the ways of generating fund is by maintaining the ...

Case Laws     Income Tax

July 12, 2016

One of the ways of generating fund is by maintaining the auditorium under trust. In this case, the auditorium was held under trust of the society for the purpose of generating funds. The income generated out of the auditorium was used to the objects of the trust. - Exemption u/s 11 allowed - AT

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