Assessee controlled by Govt. & not having profit as dominant objective is eligible for sec. 11 exemption

INCOME TAX : Where assessee was a statutory body under provision of Karnataka Urban Development Authority Act, 1987 formed with, an object to promote and assist in rapid and orderly establishment, growth and development of industries in suitable areas in State, activities of assessee would be considered as charitableINCOME TAX : Where assessee was a statutory body under provision of Karnataka Urban Development Authority Act, 1987 formed with, an object to promote and assist in rapid and orderly establishment, growth and development of industries in suitable areas in State, activities of assessee would be considered as charitablewww.taxmann.com Latest Case LawsRead More

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