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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - Charitable activities u/s 2(15) - assessee is ...

Case Laws     Income Tax

April 27, 2020

Exemption u/s 11 - Charitable activities u/s 2(15) - assessee is a regulatory body created by State Government u/s 22 of Gujarat Town Planning and Urban Development Act (GTPUDA), 1976 for proper development of specified area in the state as ensured by the State Government - the activities of assessee are for charitable purposes under s.2(15) of the Act and consequence eligible for benefits under s.11 & section 12 of the Act.

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