Charitable activities - exemption u/s 11 - merely earning the ...
Section 11 Exemption: Surplus Alone Doesn't Make Charitable Activities a Business Under Income Tax Act.
November 12, 2018
Case Laws Income Tax HC
Charitable activities - exemption u/s 11 - merely earning the surplus does not result in to the conclusion, that assessee is carrying on its activities, which can be termed as business, trade, or commerce.
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