Exemption u/s.10(23)(vi) - The assessee-trust does not have ...

Trust Qualifies for Tax Exemption u/s 10(23C)(vii) as Profits Are Reinvested into Charitable Activities.

January 21, 2023

Case Laws Income Tax AT

Exemption u/s.10(23)(vi) - The assessee-trust does not have profit motive, the small profit generated while carrying out charitable activities, does not mean that assessee is engaged in the commercial activities. Such small profit so earned is again utilised for charitable activities by the assessee-trust - assessee-trust deserves certificate, u/s 10(23C) (vii) - AT

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Exemption u/s.10(23)(vi) - The assessee-trust does not have ...

Trust Qualifies for Tax Exemption u/s 10(23C)(vii) as Profits Are Reinvested into Charitable Activities.

January 21, 2023

Case Laws Income Tax AT

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