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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - proof of charitable activities - receipts ...


Charitable Organization's Crossbreeding Program Upheld as Exempt u/s 11 Despite Exceeding Income Limit in Section 2(15.

November 5, 2020

Case Laws     Income Tax     AT

Exemption u/s 11 - proof of charitable activities - receipts from the business of upgrading the local indigenous low milk yielding cattle by cross breeding them with the use of frozen semen of high pedigree exotic bull through technique of artificial insemination to get resulting better milk yielder exceeded the limit provided in proviso to section 2(15) - All these were the objects of the general public utility and would squarely fall u/s 2(15) - Benefit of exemption cannot be denied - AT

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