https://www.taxtmi.com/highlights?id=25194 Entitlement to exemption u/s 11 - If interest, rent and other income are excluded and compared with the expenditure on operations incurred by the Assessee, it becomes clear that the Assessee does not have profit motive. The proviso to Sec.2(15) of the Act is therefore not applicable - AT en-us Thu, 08 Oct 2015 09:46:35 +0530 Thu, 08 Oct 2015 09:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25194 Entitlement to exemption u/s 11 - If interest, rent and other income are excluded and compared with the expenditure on operations incurred by the Assessee, it becomes clear that the Assessee does not have profit motive. The proviso to Sec.2(15) of the Act is therefore not applicable - AT Highlights Income Tax Thu, 08 Oct 2015 09:46:35 +0530 https://www.taxtmi.com/highlights?id=25194