Interpretation of phrase "any other object of public utility not involving the carrying on of any activity for profit".

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..... he decision of the Supreme Court in the case of Lok Shikshana Trust (101-ITR 234). The Supreme Court has, in this decision, given a restrictive interpretation of the phrase "any other object of public utility not involving the carrying on of any activity for profit", occuring in the definition of "charitable purpose" contained in sec.2(15) of the I.T.Act, 1961. 2. Representations have been recei .....

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..... the case of Lok Shikshana Trust would come in, may not be made if it would result in denial of the exemption u/s.11 and consequent creation of income-tax demands on these trusts. This is of course subject to no case being allowed to get barred by limitation. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxma .....

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