2019 (12) TMI 270 - SCH - Income Tax

Exemption u/s 11 denied - charging of fee from members or non-members for rendering services like training, conducting seminars - HELD THAT - The tax effect in the present matter being less than two crores, in view of the CBDT Circular dated 8.8.2019, we see no reason to interfere. The special leave petition is dismissed.

Summary

The Supreme Court dismissed the special leave petition as the tax effect was less than two crores, citing the CBDT Circular dated 8.8.2019. Delay was condoned, and pending applications were disposed of.