TMI BlogExemption u/s 11 and 12 - The entire amount spent by the Assessee is through societies and trusts. It...Exemption u/s 11 and 12 - The entire amount spent by the Assessee is through societies and trusts. It also runs its own project for the welfare of HIV and AIDS patients. In the above circumstances it has been held that merely because the Assessee charges management fees to defray the administrative costs it would not make its essential activity a business activity - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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