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Feb 26, 2024 Circulars & Notifications Attachment
Any part of Trust income applied for Private Religious Purposes is considered as Specified Violation
Under Explanation to Sec 12 AB(4), clauses (a) to (g) of Income Tax Act, a number of events are stated which is considered as “Specified Violations”.
– One of the event is when Trust has applied any part of its income from the property held under trust for private religious purposes, which does not enure for the benefit of the public. [Clause (c)]