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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Exemption u/s 11 - surplus from exhibition activity - Denial of ...

Case Laws     Income Tax

September 5, 2020

Exemption u/s 11 - surplus from exhibition activity - Denial of exemption on the ground that, he assessee did not fall within the scope of charitable purposes defined in section 2(15) of the Act because of carrying on or rendering of any services in business, trade and commerce and this in our considered opinion is not a correct interpretation of the provision. - AT

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