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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Exemption u/s 11 - charitable purpose u/s 2(15) - profit motive ...

Case Laws     Income Tax

November 23, 2019

Exemption u/s 11 - charitable purpose u/s 2(15) - profit motive - supervision of activities by the Donor - it is quite normal that the donor want to verify whether the grants have been incurred for the intended purpose, which in our opinion, is in any manner does not establish that the activities of the assessee is business activity.

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