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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - Jaipur National University (JNU) doesn’t ...

Case Laws     Income Tax

March 15, 2017

Exemption u/s 11 - Jaipur National University (JNU) doesn’t qualify as a specified person u/s 13(3) - Accordingly, the contribution to JNU will qualify as due application of income in the hands of the assessee society and the same cannot be a basis for denial of exemption under Section 11 to assessee society. - AT

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