Entitlement to deduction u/s 11 - The exclusionary clause does ...

Non-Profit Objective Satisfies Section 11 Deduction: Profit Allowed if Not Primary Goal.

February 29, 2016

Case Laws Income Tax AT

Entitlement to deduction u/s 11 - The exclusionary clause does not require that the activity must be carried on in such a manner that it does not result in any profit. The restrictive condition that the purpose should not involve the carrying on of any activity for profit would be satisfied if profit making is not the real object - Exemption allowed - AT

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Entitlement to deduction u/s 11 - The exclusionary clause does ...

Non-Profit Objective Satisfies Section 11 Deduction: Profit Allowed if Not Primary Goal.

February 29, 2016

Case Laws Income Tax AT

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