Trust Denied Tax Exemption u/s 11 Due to Excessive Charitable Expenditure Over Income from Property.

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....Exemption u/s 11 - the assessee trust shall not be allowed exemption owing to accumulation of income to the tune of 15% of its income as is provided under second limb of Section 11(1)(a) as its expenditure towards the objects of the trust has already exceeded its income from property held for charitable purposes....