51 results for “charitable trust”+ Section 12clear
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In the result, Revenue’s appeal for A
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
12. Whenever the exemption under section 11 is to be denied the income of the trust is to be computed as per the specific provisions of section 164(2) provided in the statute, which are reproduced below for ready reference:– ―164(2) In the case of relevant income which is derived from property held under trust wholly for charitable