Eligibility of exemption u/s 11 - if the expression “charitable ...

Tax Exemption u/s 11 Challenged for Income-Generating Public Utility Institutions; Impacts Section 10(23C)(iv) Eligibility.

June 1, 2015

Case Laws Income Tax AT

Eligibility of exemption u/s 11 - if the expression “charitable purpose” is given meaning that in case an Institution, with an object of advancement of general public utility, derives an income then it would be falling within the exception carved out by the first proviso to sec. 2(15) of the Act then no entity would qualify for the exemption u/s 10(23C)(iv) - AT

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Eligibility of exemption u/s 11 - if the expression “charitable ...

Tax Exemption u/s 11 Challenged for Income-Generating Public Utility Institutions; Impacts Section 10(23C)(iv) Eligibility.

June 1, 2015

Case Laws Income Tax AT

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