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Exemption Granted: Chit Fund Contribution Not an Investment or Deposit u/s 11(5), Enhancing Fund Management.

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Full Text of the Document

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....Eligibility to claim exemption u/s 11 - Contribution to chit fund in this case is not an investments or deposit as specified u/s 11(5), it is, as submitted, only an arrangement for better management of funds of the assessee - exemption allowed - AT....

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