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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Whether income earned by the assessee from rendering legal ...


Legal Consultancy Income Not Tax-Exempt u/ss 11 or 12; Deemed Commercial, Not Educational or Charitable.

May 7, 2015

Case Laws     Income Tax     AT

Whether income earned by the assessee from rendering legal consultancy is to be treated as exempt u/s 11 or 12 - the activity which is carried out by the assessee is a purely commercial activity, howsoever altruistic be the motive, and it cannot be treated as an educational or charitable activity - AT

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