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Trust's Property Sale for Medical Facilities Complies with Income Tax Act Sections 11 & 12; Tax-Exempt Status Maintained.

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Full Text of the Document

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....Exemption u/s 11 & 12 - sale the immovable property for medical facilities - the activities of the trust are carried out in accordance with objects mentioned in the trust deed and accordingly there is no violation under the provisions of Section 11 / 12 - AT....