Exemption u/s 11 - applicability of Section 2(15) - addition on ...

Income Tax

April 11, 2023

Exemption u/s 11 - applicability of Section 2(15) - addition on account of premium on land and shades - it could not be said that the activities carried out by the Assessee were either in nature of trade, commerce or business, for Cess or Fee or any other consideration so as to attract the proviso to Section 2(15) and the same could be said to be for charitable purpose and consequently, the exemption under Section 11 was permitted. - HC

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Exemption u/s 11 - applicability of Section 2(15) - addition on ...

Income Tax

April 11, 2023

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