Exemption u/s 11 - charging of guarantee fees for services by ...

Case Laws Income Tax

November 28, 2023

Exemption u/s 11 - charging of guarantee fees for services by the assessee trust - the impugned findings returned by the Ld. CIT(A) that “since the assessee is charging guarantee fee on substantial scale, it is not carrying out any charitable activities, hence not entitled for benefit of section 11 & 12 of the Act”, are not sustainable, hence set aside. - AT

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Exemption u/s 11 - charging of guarantee fees for services by ...

Case Laws Income Tax

November 28, 2023

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