Revision u/s 263 - deduction /exemption u/s 10(24) - Assessee is ...

Tax Revision Quashed: Welfare Association u/s 10(24) Not a Business Entity, PCIT Fails to Prove Otherwise.

August 5, 2022

Case Laws Income Tax AT

Revision u/s 263 - deduction /exemption u/s 10(24) - Assessee is not a business entity and does not work for profit. It is an association for the welfare of certain category of persons who writes in the film industry and other audio visual media and its objective is to protect the interest of its members though there is income generated not for profit but for the purpose of the welfare of the association and its members. PCIT has failed to establish that it is a business entity - Revision order quashed - AT

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Revision u/s 263 - deduction /exemption u/s 10(24) - Assessee is ...

Tax Revision Quashed: Welfare Association u/s 10(24) Not a Business Entity, PCIT Fails to Prove Otherwise.

August 5, 2022

Case Laws Income Tax AT

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