Proviso to sec. 2(15) has no role to play once activities of trust fall within ambit of ‘Education’ u/s 2(15): ITAT

INCOME TAX : Where exemption under section 11 was denied to assessee-trust on ground that it was not engaged in imparting ‘education’ but in publishing and selling of books and CDs relating to different fields which did not fall within ambit of term ‘education’, but it was found that assessee-trust was created as a public charitable trust for preservation and promotion of art, culture, literature, science and encouraging creativity and art initiatives and assessee-trust,INCOME TAX : Where exemption under section 11 was denied to assessee-trust on ground that it was not engaged in imparting ‘education’ but in publishing and selling of books and CDs relating to different fields which did not fall within ambit of term ‘education’, but it was found that assessee-trust was created as a public charitable trust for preservation and promotion of art, culture, literature, science and encouraging creativity and art initiatives and assessee-trust,www.taxmann.com Latest Case LawsRead More

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