Business undertaking held as property: Assessing Officer empowered to determine income of nonprofit's commercial undertaking. Where a registered non-profit organisation's property includes a business undertaking and a claim is made that the undertaking's income is eligible for benefits under this Part, the Assessing Officer is empowered to determine the income of that business undertaking in accordance with the provisions of the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Business undertaking held as property: Assessing Officer empowered to determine income of nonprofit's commercial undertaking.
Where a registered non-profit organisation's property includes a business undertaking and a claim is made that the undertaking's income is eligible for benefits under this Part, the Assessing Officer is empowered to determine the income of that business undertaking in accordance with the provisions of the Act.
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