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2016 (6) TMI 1403 - AT - Income TaxExemption u/s 11 - charitable activity u/s 2(15) - HELD THAT:- We hold that the assessee trust is carrying out charitable activity of advancement of public utility and the business activity carried out by it are incidental to the attainment of its main object and thus the proviso to section 2(15) is not attracted in the assessee case. Assessee is entitled to claim exemption u/s. 11 and the surplus earned by the assessee cannot be subjected to tax as income of the assessee. Following the decision in the case of Hoshiarpur Improvement Trust [2015 (9) TMI 902 - ITAT AMRITSAR] has allowed the appeal of the assessee and directed that assessee will be eligible to get exemption under section 11 of the Income Tax Act. - Decided against revenue.
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