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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Benefit u/s 11 - Object of assessee doubted - Charitable purpose ...


Trust's Charitable Status u/s 2(15) Scrutinized for Profit Motive Impact on Section 11 Benefits.

November 2, 2013

Case Laws     Income Tax     AT

Benefit u/s 11 - Object of assessee doubted - Charitable purpose u/s 2(15) - Profit motive - The intention of the trustees and the manner in which the activities of the charitable trust/institution are undertaken are highly relevant to decide the issue of applicability of proviso to section 2(15) of the Act. - AT

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