Court Rules Petitioner's Activities Not Charitable u/s 10(23)(C) of Income Tax Act; No Tax Exemption Granted.

Court Rules Petitioner's Activities Not Charitable u/s 10(23)(C) of Income Tax Act; No Tax Exemption Granted. https://www.taxtmi.com/highlights?id=6385 Approval u/s 10(23)(C) - the petitioner has not rendered its services directly to the farmers but is rendering its services directly to its clients/agents who are engaged in trading of the certified seeds with profit motive and therefore its activities are not for the "advancement of any other object of general public utility" and hence not for "charitable purpose" - HC en-us Thu, 03 Jan 2013 21:33:23 +0530 Thu, 03 Jan 2013 21:33:23 +0530 TaxTMI RSS Generator Court Rules Petitioner's Activities Not Charitable u/s 10(23)(C) of Income Tax Act; No Tax Exemption Granted. https://www.taxtmi.com/highlights?id=6385 Approval u/s 10(23)(C) - the petitioner has not rendered its services directly to the farmers but is rendering its services directly to its clients/agents who are engaged in trading of the certified seeds with profit motive and therefore its activities are not for the "advancement of any other object of general public utility" and hence not for "charitable purpose" - HC Highlights Income Tax Thu, 03 Jan 2013 21:33:23 +0530 https://www.taxtmi.com/highlights?id=6385