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2019 (5) TMI 620 - AT - Income TaxExemption u/s 11 - charitable purpose as per u/s 2(15) - assessee had charged certain fees from the participants of the trade exhibition, thus the revenue has came to a conclusion that the appellant was engaged in the activities in the nature of trade and commerce - stand taken by the assessee that it did not render any services in relation to trade, commerce or business - HELD THAT:- To conduct / undertake and participate in national/regional exhibitions and to organize industrial exhibitions, conferences and seminars from time to time to create awareness and to focus the issues affecting trade, commerce and industry and economical development of the country is one of the main object of the registered society of the appellant which was on record and not been denied by the authorities below. Further that, none of the object reflects is non-charitable in nature. Surplus and/or income from holding such exhibition is to be treated as income eligible for exemption u/s 11 of the Act particularly taking into consideration the objects as laid down in the Memorandum of Rules and Regulations of the appellant society. We, thus direct the Learned AO to grant exemption as directed above. - Assessee’s appeal is thus allowed.
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