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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - Receipt of voluntary contributions/corpus ...

June 29, 2023

Case Laws     Income Tax     HC

Exemption u/s 11 - Receipt of voluntary contributions/corpus fund or capitation fee - AO, based on assumption and surmise, has held that there was violation under the KEI (Prohibition of Capitation Fee) Act by the assessee and that incorrect assumption has been rightly reversed by the ITAT. - HC

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