Tuesday, September 8, 2020

Non-profit entity awarded contract by RBI to construct museum not eligible for Sec. 11 benefit

INCOME TAX : Where assessee, a non-profit entity, was awarded a contract of construction of a museum by RBI, since assessee was to execute work as directed by RBI as a contractor in lieu of money, actual work not being charitable in nature, asessee was not eligible for section 11 benefit

from www.taxmann.com Latest Case Laws https://ift.tt/3jZ60Gu

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