Rental income eligible for Sec. 11 exemption if same was used by trust towards its object: Madras HC

INCOME TAX : Where assessee-trust engaged in running educational institutions, earned income from letting out of community hall, Kalyana Mandapam and Gnanvapi and utilized surplus income from letting out for objects of trust i.e. running educational institution and providing medical relief to poor, assessee-trust is entitled to exemption under section 11

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