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Income Tax - Highlights / Catch Notes

Home Highlights November 2021 Year 2021 This

Exemption u/s 10(26B) - The assessee is a body viz., ...


Company Promoting Scheduled Castes and Tribes Granted Tax Exemption u/s 10(26B) Due to Government Support.

November 17, 2021

Case Laws     Income Tax     HC

Exemption u/s 10(26B) - The assessee is a body viz., incorporated under the Companies Act and formed to achieve or promote the interests of the members of the Scheduled Castes or the Scheduled Tribes or backward classes or of any two or all of them, receives full financial assistance from the Government, hence is entitled to exemption. - Tribunal is right in granting exemption to the assessee u/s 10(26B) - HC

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