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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Denial of Exemption u/s 11 - the assessee is charging huge ...

Case Laws     Income Tax

February 5, 2019

Denial of Exemption u/s 11 - the assessee is charging huge amounts for sponsorship fee from corporate against which it provides various types of advertisement services and free passes are also provided - Making slabs for sponsorship fee and specifying the types of service against it are certainly for commercial gains with predominant objective to make profit - No Exemption.

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