Exemption u/s 11 - the activities of the assessee's association ...

Association's Service Fees Not "Trade" or "Business," Qualifies for Tax Exemption u/s 11 of Income Tax Act.

September 24, 2020

Case Laws Income Tax AT

Exemption u/s 11 - the activities of the assessee's association cannot be termed either "trade" , "commerce" or "business" simply because the assessee association is receiving some charges or fees for rendering services on non- commercial principles to State Road Transport Undertakings and other concern members for a fee or charges. - AT

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Exemption u/s 11 - the activities of the assessee's association ...

Association's Service Fees Not "Trade" or "Business," Qualifies for Tax Exemption u/s 11 of Income Tax Act.

September 24, 2020

Case Laws Income Tax AT

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