TMI BlogBenefit of exemption u/s 11 - charitable activity - Activities in the nature of trade, commerce or...Benefit of exemption u/s 11 - charitable activity - Activities in the nature of trade, commerce or business - the receipts from these activities which is in the nature of trade business, or commerce is definitely more than 20% of the total receipts, hence, as per proviso to section 2(15) of the Act, the activities are not for charitable purpose. Assessee is not eligible for exemption u/s 11 - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
