Charitable activity u/s 2(15) - Mere selling some product at a ...

Profit from product sales doesn't negate charitable status under Income Tax Act Section 2(15); exemption u/s 11 remains.

September 19, 2013

Case Laws Income Tax HC

Charitable activity u/s 2(15) - Mere selling some product at a profit will not ipso facto hit assessee by applying proviso to Section 2(15) and deny exemption available under Section 11. - HC

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Charitable activity u/s 2(15) - Mere selling some product at a ...

Profit from product sales doesn't negate charitable status under Income Tax Act Section 2(15); exemption u/s 11 remains.

September 19, 2013

Case Laws Income Tax HC

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