Tuesday, February 18, 2020

Mere charging of fee from members or non-member couldn't disentitle trust from section 11 exemption, SLP dismissed

INCOME TAX : SLP dismissed due to low tax effect against High Court ruling that mere charging of fee from members or non-members for rendering services like training, conducting seminars would not ipso-facto lead to denial of exemption under section 11 when dominant object of assessee remained charitable and aforesaid activities were only incidental to main activity of assessee

from www.taxmann.com Latest Case Laws https://ift.tt/2SAIRiU

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...