TMI BlogAssessee Association Retains Charitable Status for Advancing Public Utility, Even with Profitable Activities u/s 11.Eligibity for exemption under section 11 - the assessee association's primary purpose was advancement of objects of general public utility and it would remain charitable even if an incidental or ancillary activity or purpose, for achieving the main purpose was profitable in nature. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|