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DIT (exemption) can't question application of income of trust at the time of its registration

August 21, 2019[2019] 109 258 (Bombay)/[2019] 267 Taxman 16 (Bombay)

INCOME-TAX : At stage of registration, question of application of income of trust is premature; where undisputedly 71 percent of receipt of trust were spent in accordance with its object, merely a partial expenditure, which was for religious purposes was not to make trust non-genuine
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