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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Charitable activity - exemption u/s. 11 & 12 - the expression ...


Interpreting "Charitable Purpose" in Sections 11 & 12: Consider Context of Section 10(23C)(iv) for Tax Exemptions.

January 7, 2019

Case Laws     Income Tax     AT

Charitable activity - exemption u/s. 11 & 12 - the expression 'charitable purpose', as defined in section 2(15) cannot be construed literally and in absolute terms. It has to take colour and be considered in the context of section 10(23C)(iv)

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