TMI BlogExemption u/s 11 - Charitable activity u/s 2(15) - receipts under the heads ‘Revenue from test...Exemption u/s 11 - Charitable activity u/s 2(15) - receipts under the heads ‘Revenue from test laboratory ‘and ‘consultancy receipts ‘ - Commercial activity or not - The intent of such activities is not to earn profit for its shareholders/owners. Consequently, this Court is in agreement with the findings of the CIT (A) and ITAT that the assessee-association does not carry on any business, trade or commerce with the intent of earning profit. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
