Proviso to Sec. 2(15) not attracted if profit made by society is ploughed back for charitable activities: HC

INCOME TAX : Where main object of assessee-society was running a printing press and publishing a newspaper and profit so generated was being ploughed back for charitable activities and Commissioner itself had granted registration to assessee under section 12A, recognition under section 10(23C)(vi) and exemption under section 80G,INCOME TAX : Where main object of assessee-society was running a printing press and publishing a newspaper and profit so generated was being ploughed back for charitable activities and Commissioner itself had granted registration to assessee under section 12A, recognition under section 10(23C)(vi) and exemption under section 80G,www.taxmann.com Latest Case LawsRead More

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