Tuesday, March 31, 2020

No cancellation of registration just because trust maintaining ‘gaushalas’ earned revenue from sale of milk products

INCOME TAX : Where assessee trust was engaged in providing asylum/shelter to cows and maintaining gaushalas and famine relief centres to provide proper treatment and fodder to needy stray cows, merely because assessee earned certain revenue from sale of milk, milk product, cattle feed etc., it could not be said that activities of assessee were not charitable so as to cancel its registration under section 12A

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000193567/no-cancellation-of-registration-just-because-trust-maintaining-‘gaushalas’-earned-revenue-from-sale-of-milk-products.aspx

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