Benefit of exemption u/s 11 - assessee fell under the last limb ...

Income Tax

November 19, 2021

Benefit of exemption u/s 11 - assessee fell under the last limb of Section 2(15) - The assessee/society is running a printing press and publishing a newspaper. The profit so generated is used for charitable purposes and apparently there is no profit motive in the activities of the assessee - the mischief of Proviso to Section 2(15) of the Act is not attracted. - HC

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Benefit of exemption u/s 11 - assessee fell under the last limb ...

Income Tax

November 19, 2021

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