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Income Accumulation to be Calculated on Net Receipts, Not Gross, u/s 11(1)(a) of Income Tax Act.
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....Accumulation of income of 15% u/s. 11(1)(a) - AO directed to consider the net receipt (not the gross receipt) for the purpose of computation of accumulation of income of 15% u/s. 11(1)(A) - AT....