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Tag: violation of sec.13(1)(c)(ii) of the Income-tax Act

Does a violation of sec.13(1)(c)(ii) of the Income-tax Act lead to denial of exemption u/s 11 for the entire income of the charitable trust?

The benefit of exemption under section 11 cannot be denied to the entire income of the charitable trust but should be restricted only to the extent of income diverted in breach of Section 13 of the Act

Category: Income Tax Act   Posted on: September 20, 2022

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