Wednesday, November 17, 2021

Assessee developing and protecting interest of commerce and industries is entitled to sec. 12A registration: ITAT

INCOME TAX : Where assessee was engaged in promoting and developing and protecting interest of trade, commerce, and industries and bifurcation of revenue and expenses showed that none of activity was in nature of trade, commerce or business, assessee fulfiled requisite conditions for falling under head 'charitable purpose' as defined under section 2(15)

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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...