9911796707
TMI Blog2011 (7) TMI 1159X X X X Extracts X X X X X X X X Extracts X X X X ..... mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng and selling of books of professional interest for being used as reference material by general public as well as professionals in respect of bank audit, tax audit, etc. Therefore, as per ld. DIT (Exemptions), the activities were commercial in nature and in view of amendment to Section 2(15) of the Act, assessee did not merit renewal of approval under Section 80G of the Act. In this view of the m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... books, which helped Chartered Accountants and public in general with any commercial intention. 4. Per contra, learned D.R. submitted that by its activities, the assessee did not help the general public, but only the Chartered Accountants and hence, could not be considered as doing any charitable activity falling within the definition of sub-section (15) of Section 2 of the Act. Hence, according ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , even if consider the activity done by the assessee as one for advancement of object of general public utility. In any case, assessee, in our opinion, was only doing educational activity and the substituted Section 2(15) of the Act which effectively added a proviso thereto, would not apply to the assessee since such proviso was applicable only with regard to charitable activities in the nature of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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