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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

If the assessee makes investments or deposits in the scheduled ...

Case Laws     Income Tax

September 26, 2016

If the assessee makes investments or deposits in the scheduled bank and claims the deposits as accumulated for the purpose of section 11(1)(a) or 11(2), the investment or deposit cannot be disallowed only for the reason that application of money was not for the object of the society. - AT

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