Thursday, November 21, 2019

No denial of exemption if trust was charging only cost of implementing skill development projects in rural areas

INCOME TAX : Where no extra fees were charged by assessee-trust except cost while implementing skill development projects of clients/donors for upliftment of rural poor, it couldn't be held that assessee was established with profit motive; section 11(1) exemption would be available

from www.taxmann.com Latest Case Laws https://ift.tt/33bDZ69
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