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Income Tax - Highlights / Catch Notes

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Charitable activity u/s 2(15) - Exemption u/s 11 - asylum to ...

Income Tax

March 27, 2017

Charitable activity u/s 2(15) - Exemption u/s 11 - asylum to old, maimed, sick and disabled cows - an incidental activity of selling milk which may result in receipt of money, by itself would not make it trade, commerce or business nor an activity in the nature of trade, commerce or business to be hit by the proviso to Section 2(15) - HC

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