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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Exemption u/s 11 - object of the assessee is to promote the game ...


Golf Promotion Group in Tamilnadu Wins Tax Exemption; Court Says Benefits Extend Beyond Members, Granting Section 11 Relief.

February 20, 2016

Case Laws     Income Tax     AT

Exemption u/s 11 - object of the assessee is to promote the game of golf in the State of Tamilnadu. The benefits can be available not only for the members of the assessee-society but also non-members. Therefore, the beneficiaries cannot be identified - principles of mutuality is not applicable - exemption u/s 11 allowed - AT

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