Court Rules Gold Chhabba Donation Not a Deemed Trust u/s 2(24)(iia) of Income Tax Act; No Exemptions Apply.

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....Donation of gold chhabba - whether in light of explanation to Section 2(24) (iia) of the Act, the Dera is not a deemed trust? - The cumulative effect of all the factors shows that all the transactions done by the appellant-assessee, were in his individual capacity - no exemptions - HC....