Exemption u/s 11 - proof of charitable activities - receipts ...

Income Tax

November 5, 2020

Exemption u/s 11 - proof of charitable activities - receipts from the business of upgrading the local indigenous low milk yielding cattle by cross breeding them with the use of frozen semen of high pedigree exotic bull through technique of artificial insemination to get resulting better milk yielder exceeded the limit provided in proviso to section 2(15) - All these were the objects of the general public utility and would squarely fall u/s 2(15) - Benefit of exemption cannot be denied - AT

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Exemption u/s 11 - proof of charitable activities - receipts ...

Income Tax

November 5, 2020

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