Section 11: Tax Refund Not an Income for Trust

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The receipt of refund is not a taxable income in case of charitable trust registered u/s 12AA. Such a view got the backing of Delhi High Court in CIT vs Hamdard Dawakhan (Wakf) 2001] 249 ITR 601 (DELHI)/[2001] 171 CTR 222 (DELHI)  in which the issue raised before the Hon’ble high Court by income tax…

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