Denial of exemption u/s 11 - treatment of assessee as AO - proof ...

Exemption Denied: Assessee's Building Project for Profit Doesn't Align with Town Planning Objective u/s 11.

November 10, 2021

Case Laws Income Tax AT

Denial of exemption u/s 11 - treatment of assessee as AO - proof of profit motive - the assessee has carried on systematic activities in a regular manner for construction of Building as per plan, which have led to profit, and such activity is not incidental to the main object of town planning, therefore, it is clear that the assessee has carried on a business which is not incidental to attainment of objects of the authority. - assessee can’t be granted exemption under sec. 11 - AT

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Denial of exemption u/s 11 - treatment of assessee as AO - proof ...

Exemption Denied: Assessee's Building Project for Profit Doesn't Align with Town Planning Objective u/s 11.

November 10, 2021

Case Laws Income Tax AT

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