Trade association leasing plots to members on basis of their contributions is eligible for sec. 12A registration: ITAT

INCOME TAX : Where assessee-society was engaged in promotion of trade and commerce related to pharma business and protecting rights and interests of its members, case of assessee got covered in fourth limb of section 2(15), i.e. ‘advancement of any other object of general public utility’, and it would be entitled to registration under section 12AINCOME TAX : Where assessee-society was engaged in promotion of trade and commerce related to pharma business and protecting rights and interests of its members, case of assessee got covered in fourth limb of section 2(15), i.e. ‘advancement of any other object of general public utility’, and it would be entitled to registration under section 12Awww.taxmann.com Latest Case LawsRead More

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