High Court Rules Hospital Pharmacy Operations Qualify as Charitable Activity for Tax Exemption Under Income Tax Act Section 11.

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....Exemption u/s 11 - Charitable activity - running pharmacy store in the hospital and was selling drugs and medicines to the patients through this pharmacy store - AO was not justified in treating the pharmacy store of the respondent as a separate business entity and to hold the surplus amount accrued there from as business income under Section 11(4A) - HC....