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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Exemption u/s 11 - Trust - it was alleged that the principle ...


Exemption Granted: Section 11 Trust Cleared of Allegations for Profiting from Auditorium Rentals.

May 4, 2017

Case Laws     Income Tax     AT

Exemption u/s 11 - Trust - it was alleged that the principle activity of the assessee trust was letting out the auditorium with clear profit motive - allegation has not substance - exemption allowed - AT

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