https://www.taxtmi.com/circulars?id=8679 The coordination body does not qualify as a charitable organisation and therefore is not entitled to exemption under charitable-income provisions; it is to be assessed as a commercial organisation. Contributions by member companies to the body are deductible as necessary business expenditure, and payments or reimbursements from the body to members are assessable in the hands of the member companies as revenue receipts. en-us Tue, 17 Mar 1970 00:00:00 +0530 Wed, 25 May 2011 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8679 The coordination body does not qualify as a charitable organisation and therefore is not entitled to exemption under charitable-income provisions; it is to be assessed as a commercial organisation. Contributions by member companies to the body are deductible as necessary business expenditure, and payments or reimbursements from the body to members are assessable in the hands of the member companies as revenue receipts. Circulars Income Tax Tue, 17 Mar 1970 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8679