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Income Tax - Highlights / Catch Notes

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Exemption u/s 10(23C) (iiiad) - mere spending a meagre amount, ...

Case Laws     Income Tax

October 25, 2018

Exemption u/s 10(23C) (iiiad) - mere spending a meagre amount, out of the total income derived by the trust, towards the distribution of sarees to mothers and grandmothers of children studying in the school, cannot be the basis to deny the benefit of exemption.

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