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Income Tax - Highlights / Catch Notes

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Entitlement to exemption u/s 11 - charitable activities - mere ...


Sale of Immovable Property by Trust Doesn't Affect Charitable Exemption u/s 11 Income Tax Act.

July 27, 2016

Case Laws     Income Tax     HC

Entitlement to exemption u/s 11 - charitable activities - mere sale of an immovable property of the trust alone, cannot be the sole factor, to arrive at a conclusion that the income earned should be brought under the head, business income - HC

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