Entitlement to deduction u/s 11 - The exclusionary clause does ...

Income Tax

February 29, 2016

Entitlement to deduction u/s 11 - The exclusionary clause does not require that the activity must be carried on in such a manner that it does not result in any profit. The restrictive condition that the purpose should not involve the carrying on of any activity for profit would be satisfied if profit making is not the real object - Exemption allowed - AT

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Entitlement to deduction u/s 11 - The exclusionary clause does ...

Income Tax

February 29, 2016

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