Bengaluru METRO Granted Tax Exemption: Revenue from Rent and Ads Supports Public Utility, Not Profit - Section 11.

Exemption u/s 11 - Bengaluru METRO - revenue derived from renting of space and advertisements - Keeping in mind of the provisions of the KIDA Act and precedents, the Assessee does not driven primarily by desire or motive to earn profits but to do charity through advancement of an object of general public utility, hence the proviso to Sec.2(15) is therefore not applicable - Exemption granted .....

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