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Failure to Submit Form 10 Denies Exemption u/s 11; Allowed Alternative Claim u/s 10(23C)(iiiad.

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Full Text of the Document

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....Accumulation of fund u/s 11(2) - Failure to submit Form 10 - information related to accumulation and purpose for utilization of accumulated income - Exemption u/s 11 not available - However, alternate claim of exemption u/s 10(23C)(iiiad) allowed.....

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