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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Charitable activity - The correct interpretation of the proviso ...

Case Laws     Income Tax

January 25, 2015

Charitable activity - The correct interpretation of the proviso to Section 2(15) of the said Act would be that it carves out an exception from the charitable purpose of advancement of any other object of general public utility and that exception is limited to activities in the nature of trade, commerce or business or any activity of rendering any service in relation to any trade, commerce or business for a cess or fee or any other consideration. - HC

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