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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

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

Case Laws     Income Tax

January 21, 2023

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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