Outgoings in the case of a non-profit organisation

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Full Text of the Document

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....eived during the financial year by the non-profit organisation made with a specific direction that they shall form part of the corpus of the non-profit organisation.     (b) the amount actually paid during the financial year for any expenditure, not being a capital expenditure, incurred wholly and exclusively for earning or obtaining any receipts referred to in section 95; &nb....