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2022 (9) TMI 502 - AT - Income TaxExemption u/s 11 - assessment of trust - Nature of receipts - voluntary donations received - treating the voluntary donation received as business income of assessee society - AO has given a finding that the donations were given to the assessee by the publishers for promoting the books and have claimed as business promotion expenses - HELD THAT:- Since receipt of commission from publishers has been held to be a commercial activity which is not incidental to the attainment of the objectives of the appellant society, it is held that there is no infirmity in the order of the Assessing Officer in treating the income from commission from publishers as income from business by invoking the provisions of section 11(4A).The assessee has not brought any material to rebut the finding of the learned CIT(Appeals). Therefore, no reason to interfere in the finding of learned CIT(Appeals). The same is affirmed. Grounds raised in appeal are rejected.
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