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Foundation's Section 12A Registration Denied for Failing to Justify Member-Benefit Object Clause; Deemed a Paper Company.

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....Registration u/s 12A - the assessee has not explained as to why the object clause specifically provides that the benefit of the foundation goes to the members in a narrow sense - applicant remains a paper company - no registration u/s 12A .... - HC....

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Foundation's Section 12A Registration Denied for Failing to Justify Member-Benefit Object Clause; Deemed a Paper Company.