Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (1) TMI 1619 - BOMBAY HIGH COURTExemption u/s 11 - employment facilitation as charitable activity u/s 2(15) - whether objects of the applicant company are not confined to the territories comprised in India but encompass the whole world, thus defeating the very purpose of provisions of Section 12AA? - HELD THAT:- The primary object of the Trust is to conduct work in area of research, studies, training, education, health etc. on a non-profit basis, only for charitable purposes. Tribunal examined these object clauses and found that the objects of the Trust were genuine and that the Assessee was not incorporated for profit motive. We do not find any error in the order of the Tribunal. - Decided against revenue.
|