Exemption u/s 11 - letting-out auditorium was a commercial ...

Case Laws Income Tax

January 16, 2023

Exemption u/s 11 - letting-out auditorium was a commercial activity - proviso to Sec.2(15) - Once the assessee falls under the category of education in term of section 2(15) of the Act, assessee is eligible for exemption u/s.11 of the Act because letting out of auditorium is incidental to fulfilment of the object of the trust i.e., education. Hence, we allow the appeal of assessee. - AT

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Exemption u/s 11 - letting-out auditorium was a commercial ...

Case Laws Income Tax

January 16, 2023

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