Exemption u/s 11 - expenses incurred and the receipts received ...

Tax Exemption Upheld for Assessee: Section 11 Covers Light & Sound Show, Museum Activities as Non-Commercial.

June 23, 2020

Case Laws     Income Tax     AT

Exemption u/s 11 - expenses incurred and the receipts received by the assessee specifically from the light and sound show and maintenance of museum, etc. - in the absence of any fact, instance or example on record to show that the activities of the trust are commercial ventures, the stand of Revenue cannot be accepted.

View Source