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Income Tax - Highlights / Catch Notes

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Withdrawal approval granted u/s 10(23C)(vi) - Loose papers don’t ...


Section 10(23C)(vi) Exemption Upheld: Loose Papers Insufficient to Prove Assessee Society's Activities Were Not Genuine.

March 2, 2023

Case Laws     Income Tax     AT

Withdrawal approval granted u/s 10(23C)(vi) - Loose papers don’t establish that the activities of assessee society are not genuine and are not carried out in accordance with the objects and thus the same cannot form the basis for withdrawal of exemption. - AT

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