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Exemption u/s 11 Upheld: Donations for Management Quota Seats Used Solely for Educational Purposes, Not Trustee Benefit.
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....Denial of exemption u/s. 11 - Donation received against management quota seats - donations are spent only for the purpose of education and no part of the funds of the trust has been diverted for the personal benefit of any of the trustees - exemption cannot be denied - AT....