CA NeWs Beta*: No denial of registration to trust just because its incidental activities were profitable in nature

Search This Site

Friday, September 18, 2015

No denial of registration to trust just because its incidental activities were profitable in nature

No denial of registration to trust just because its incidental activities were profitable in nature

September 17, 2015[2015] 61 taxmann.com 59 (Hyderabad - Trib.)/[2015] 38 ITR(T) 195 (Hyderabad - Trib.)
IT : Where assessee's primary purpose remained advancement of objects of general public utility, even if an incidental or ancillary activity for purpose of achieving main purpose was profitable in nature, denial of registration was unjustified

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...
For mobile version of this site click here


News Archive

Recommended Post Slide Out For Blogger