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2020 (8) TMI 721 - AT - Income TaxExemption u/s 11 - charitable activity u/s 2(15) - A.O. observed that all the activities of the assessee were in the nature of trade, commerce and business - many members had given amounts more than ₹ 50,000/- and they would become beneficiaries as per Section 13(3)(b), exemption also stands withdrawn by applying provisions of Sections 13(1) and 13(2) - HELD THAT:- As decided in own case [2020 (7) TMI 543 - ITAT DELHI] no infirmity in the order of the CIT(A) in holding that the activities of the assessee are charitable in nature and the assessee is entitled to the claim of exemption u/s 11 of the IT Act. - Decided in favour of assessee.
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