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Entity's Income from Samudaik Bhawan and Fitness Centre Deemed Charitable, Exempt under Income Tax Act Section 11.

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Full Text of the Document

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....Exemption u/s 11 - Charitable activity u/s 2(15) - Addition on account of income from Samudaik Bhawan after allowing expenses - use of Samudaik Bhawan and Fitness Centre and receipts of charges/fees therefrom cannot be held as an activity in the nature of trade, commerce or business or rendering of any service in relation to trade, commerce or business - AT....