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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Eligibility of exemption u/s 11 & 12 - whether assessee ...

July 20, 2020

Case Laws     Income Tax     AT

Eligibility of exemption u/s 11 & 12 - whether assessee activities are not in charitable nature and activities falls under the last limb of section 2(15) - if in terms of the dominant and primary objectives of the Institution there was no desire to gain profits and the object was to promote trade and commerce not for itself but for the nation was to be construed as a charitable purpose

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