Charitable Trust Exemption Repayment of loan
Court :
Madrs HC
Brief :
It is an admitted fact that the property of the assessee-trust was in a dilapidated condition and would not earn income to carry out the objects of the trust. For the purpose of carrying out the objects of the trust, it has become necessary to demolish and reconstruct the property so as to earn income by exploiting the property.
Citation :
Chennai
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CA. Dhiraj Birla
Published in Income Tax
Views : 5618
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