Meaning of “Any concern”

Case Name : Cit vs. Chandrika educational trust 

Citation : [1994] 207 itr 108 (ker.)

Court : Kerala high court

Section : 13

Meaning : Any concern’ in clause (h) refers also to a concern in which the trust is a partner, provided it is one in which any person referred to in sub-section (3) has so substantial interest and the funds of the trust are, or continue to remain, invested in that concern during any period of the previous year.

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