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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Exemption u/s 11 & 12 - the dominant motive in this case is not ...


Charitable Entity Granted Tax Exemption: Affordable Housing Qualifies as Public Service u/ss 11 and 12 of Income Tax Act.

January 8, 2016

Case Laws     Income Tax     AT

Exemption u/s 11 & 12 - the dominant motive in this case is not earning profit but to do charity in the form of public service by providing accommodation to the common man at affordable rates - proviso to section 2(15) is not attracted - exemption allowed - AT

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