Charitable object - The primary object of insertion of proviso ...

Proviso to Section 2(15) of Income Tax Act prevents misuse of tax exemptions by entities engaging in commercial activities.

May 16, 2015

Case Laws Income Tax AT

Charitable object - The primary object of insertion of proviso to section 2(15) was to curb the practice of earning income by way of carrying on of trade or commerce and claiming the same as exempt in the garb of pursuing the alleged charitable object of general public utility. - AT

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Charitable object - The primary object of insertion of proviso ...

Proviso to Section 2(15) of Income Tax Act prevents misuse of tax exemptions by entities engaging in commercial activities.

May 16, 2015

Case Laws Income Tax AT

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