Sec. 11 exemption couldn't be denied in absence of any finding that activity carried by assessee was commercial

INCOME TAX : Where assessee-trust was established with a main object to consider all questions concerning relations between employers and employees in Southern India in order to protect their interests and lower authorities denied its claim of exemption under section 11, taking view that substantial sums of money were received by assessee from conducting conferences and seminars which were not incidental to its main objects, since lower authorities had not rendered any finding as to whether acti

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