Exemption u/s 11 not available as income hit by proviso to section 2(15)

U.P. Awas Evam Vikas Parishad Vs ACIT (ITAT Lucknow)

Held that exemption u/s 11 will not be available to an assessee if the total income of the assessee includes any income which is hit by the proviso to provisions of section 2(15) of the Act.

Fact

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