Exemption u/s 11 - letting of “Dharmashala” for commercial ...

Income Tax

August 25, 2023

Exemption u/s 11 - letting of “Dharmashala” for commercial activities by the assessee - Profit motive - Nothing is discernible, much less evidenced based on supporting material which would reveal that the booking/ancillary receipts collected by the assessee from the aforesaid commercial activities were nominally above cost. - Exemption was rightly denined - AT

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Exemption u/s 11 - letting of “Dharmashala” for commercial ...

Income Tax

August 25, 2023

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