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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Charitable purpose u/s 2(15) - It is not proper to characterise ...


Chamber's Activities Not a Business u/s 2(15) of Income Tax Act Due to Lack of Profit Motive.

November 15, 2012

Case Laws     Income Tax     HC

Charitable purpose u/s 2(15) - It is not proper to characterise the activities of the chamber as activities amounting to a business in the generally understood sense of the word, the most important feature of business being profit motive. - HC

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