Haryana Government Society Grants Exempt from Income Classification; Sections 11 & 12 of Income Tax Act Not Applicable.

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....A society formed by Government of Haryana - the grants received by the assessee should not be considered either as income or for ascertaining the amount expanded or amount to be accumulated. Provisions of Section 11 and 12 of the Act are not applicable for grants received by the assessee under the Schemes... - HC....