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Income Tax - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Exemption u/s 11 - activity of the assessee of letting out ...

Case Laws     Income Tax

June 26, 2020

Exemption u/s 11 - activity of the assessee of letting out gallery frequently for a price - Whether qualify as being called in the nature of charity - Proviso to Section 2(15) was not designed to hit at those institutions, which had the advancement of the objects of general public utility at their hearts and were charity institutions.

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