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2015 (3) TMI 537 - HC - Income TaxExemption u/s. 11 - main activity of the assessee is to organize trade fair - Tribunal confirming the order of the CIT(A) allowing exemption - Held that:- Two authorities have come to a concurrent findings of fact that the respondentassessee is not organizing trade fairs and therefore not engaged in business activity. We find that there is certainly a distinction/difference between organizing trade fairs and facilitating its members to participate in trade fairs. Consequently, once there are concurrent findings of fact that no trade fair is organized by the respondentassessee which would amount to carrying the business, there is no occasion to us to interfere with the same. The finding recorded by the authorities of respondentassessee not carrying on business is not shown to be perverse. Therefore there is no reason for us to entertain the proposed question of law as it does not give rise to any substantial question of law. - Decided against revenue.
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