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Income Tax - Highlights / Catch Notes

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Charitable trust - Exemption u/s 11 - benefit to the persons ...


Charitable Trust Retains Tax Exemption u/s 11; No Undue Benefit to Trustees Confirmed by Court.

March 6, 2013

Case Laws     Income Tax     HC

Charitable trust - Exemption u/s 11 - benefit to the persons referred to in S. 13(3) - After the expiry of the leased period, it is always open to the assessee to remove the constructions and, therefore, no benefit would directly enure to the benefit of the trustees. - HC

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