Construction and Sale of Properties Not Business Activities Without Profit Motive; Assessing Officer to Review Bookkeeping for Deductions.

Charitable object - activities of construction of houses, flats, shops etc. which are sold - Since there is no motive to make profit, the activity cannot be said to be a business activity. - matter restored to the AO to ascertain as to whether separate books have been maintained for construction business. If separate books have been maintained, deduction under sub-sections (1), (2), (3) and (3A) will be available to the assessee, otherwise not..... - AT .....

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