Object of an association can’t be treated as non-charitable on grounds of earning revenue from commercial activity

INCOME TAX : Where main object of assessee-association, an apex body of all State Transport Corporation, was to improve public transport system in country, merely because it earned revenue from testing automobile parts and consultancy services, it could not be said that assessee-association was not charitable in natureINCOME TAX : Where main object of assessee-association, an apex body of all State Transport Corporation, was to improve public transport system in country, merely because it earned revenue from testing automobile parts and consultancy services, it could not be said that assessee-association was not charitable in naturewww.taxmann.com Latest Case LawsRead More

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