Society established to promote habitat concept is entitled to grant of sec. 11 exemption: ITAT

INCOME TAX : Where Assessing Officer noted that activities of assessee-society were hybrid, partly covered by provisions of section 11 and partly by principle of mutuality and since assessee was not maintaining separate books of account, income could not be bifurcated under principle of mutuality and entire surplus in Income and expenditure account was treated as taxable income of assessee, since in earlier years,

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