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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Exemption u/s 11 - profit motive - whether the assessee is ...


High Court Grants Exemption u/s 11 for Charitable Income, Rejecting Tribunal's Profit Motive Concerns.

July 23, 2013

Case Laws     Income Tax     HC

Exemption u/s 11 - profit motive - whether the assessee is entitled to the exemption under section 11 of the Act - The Tribunal appears to have misdirected itself and considered totally irrelevant issues - exemption allowed - HC

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