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2011 (9) TMI 1061 - AT - Income TaxExemption u/s.11 - charitable purposes - Held that:- In the present case, the Slum Development Authorities is established for providing residential settlements to the slum dwellers without any profit motive. Moreover, primary purpose and the predominant object are to promote the welfare of the general public by providing better residential accommodations to slum dwellers and economically deprived class of society and said purpose would be charitable in nature only. In our opinion, the activities of the SRA, present assesse are charitable in nature and hence, the assessee is entitled for exemption u/s.11 of the I.T. Act. Moreover, the assessee has been also granted the registration u/s.12AA that has not been cancelled.
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