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Income-tax Act Section 344
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The Income-tax Act, 2025

Section 344 Business undertaking held as property

Chapter
XVII · Special Provisions Relating to Certain Persons
Part
3.––Commercial activities by registered non-profit organisation
Where the property held by a registered non-profit organisation includes a business undertaking, and where a claim is made that the income of any such undertaking is eligible for benefits under this Part, then the Assessing Officer shall have the power to determine the income of such business undertaking as per the provisions of this Act.