Charitable Trust's Leasehold Property Investment Qualifies for Income Tax Exemption u/s 11(1)(a.

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....Exemption u/s 11(1)(a) - the advance or investment in the said lease hold property by the Assessee's Charitable Trust in the year in question could be held to be 'application of income' within the meaning of Section 11(1)(a) of the Act and therefore, the Assessee was entitled to the exemption....