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Income Tax - Highlights / Catch Notes

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Exemption u/s.11 - Treatment of pharmacy income as income of ...


Pharmacy Income Integral to Hospital Exempt u/s 11 of Income Tax Act; Remove Addition by Assessing Officer.

May 31, 2022

Case Laws     Income Tax     AT

Exemption u/s.11 - Treatment of pharmacy income as income of charitable trust - the income from running the pharmacy which is integral part of the hospital is eligible for exemption u/s.11 and hence the AO is directed to delete the addition made in this regard. - AT

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