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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Denial of exemption u/s 11 and 12 - Taxing surplus from ...


Court Denies Exemption for Transportation and Games Surplus, Deems Them Business Activities u/ss 11 and 12.

November 7, 2017

Case Laws     Income Tax     AT

Denial of exemption u/s 11 and 12 - Taxing surplus from Transportation and Games holding that the transportation activity, games activity and picnic are business activities - Being the part of educational activity, exemption cannot be denied.

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