Denial of claim for exemption u/s 11 - Merely came into ...

Exemption Granted: Section 11 Claim Approved as Assessee's Objectives Not Commercial; No Business Activities Proven.

August 31, 2018

Case Laws Income Tax AT

Denial of claim for exemption u/s 11 - Merely came into existence of provision of Section 2(15) of the Act nowhere makes the object of the Assessee commercial in nature. Instances of business and profession are also not on record. - Exemption allowed.

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Denial of claim for exemption u/s 11 - Merely came into ...

Exemption Granted: Section 11 Claim Approved as Assessee's Objectives Not Commercial; No Business Activities Proven.

August 31, 2018

Case Laws Income Tax AT

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