Assessee Association Retains Charitable Status for Advancing Public Utility, Even with Profitable Activities u/s 11.

Assessee Association Retains Charitable Status for Advancing Public Utility, Even with Profitable Activities u/s 11. https://www.taxtmi.com/highlights?id=24095 Eligibity for exemption under section 11 - the assessee association's primary purpose was advancement of objects of general public utility and it would remain charitable even if an incidental or ancillary activity or purpose, for achieving the main purpose was profitable in nature. - AT en-us Thu, 06 Aug 2015 07:54:20 +0530 Thu, 06 Aug 2015 07:54:20 +0530 TaxTMI RSS Generator Assessee Association Retains Charitable Status for Advancing Public Utility, Even with Profitable Activities u/s 11. https://www.taxtmi.com/highlights?id=24095 Eligibity for exemption under section 11 - the assessee association's primary purpose was advancement of objects of general public utility and it would remain charitable even if an incidental or ancillary activity or purpose, for achieving the main purpose was profitable in nature. - AT Highlights Income Tax Thu, 06 Aug 2015 07:54:20 +0530 https://www.taxtmi.com/highlights?id=24095