Charitable Trust Exemption Repayment of loan


Last updated: 29 December 2009

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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