Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Grain Merchants' Association not exempt from income tax under Indian law</h1> <h3>Commissioner of Income Tax Versus The Grain Merchants' Association of Bombay</h3> The Bombay HC held that the Grain Merchants' Association of Bombay is not exempt from income tax under Sec. 4(3) of the Indian Income-tax Act as their ... - The Bombay High Court ruled that the Grain Merchants' Association of Bombay is not exempt from income tax under Sec. 4(3) of the Indian Income-tax Act as their activities do not fall under 'general public utility.' The court upheld the Commissioner of Income-tax's reference under Sec. 66(2).Justice Kania agreed with the decision.