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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Charitable activity - benefit u/s 11 and 12 - Proviso to Section ...


Proviso to Section 2(15) of Income Tax Act protects genuine charities from losing tax exemptions u/ss 11 and 12.

February 16, 2019

Case Laws     Income Tax     AT

Charitable activity - benefit u/s 11 and 12 - Proviso to Section 2(15) was not designed to hit at those institutions, which had the advancement of the objects of general public utility at their hearts and were charity institutions.

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