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2013 (3) TMI 559 - HC - Income TaxRenewal of its approval under section 80G - Application in Form 10G - Section 2(15) - Charitable purpose - whether the publication of books of professional interest to be used as a reference material by the general including the professionals in respect of bank audit, tax audit, etc., would be construed to be a charitable purpose. - Held that:- In our opinion, such activities of the assessee-trust cannot be construed to be one of trade or commerce or business and it would only be a charitable in nature. Therefore, it cannot be held that the activities of the assessee-trust in publishing and selling books of professional interest, which are meant to be used as a reference material even by the general public as well as the professionals in respect of bank audit, tax audit, etc., cannot be construed to be one of commerce in nature. The finding of the Tribunal in this regard requires no interference. In the given case, there is nothing to doubt about the genuineness of the activities of the assessee-trust in question - Dismissed the appeal of Revenue.
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