Income Tax Exemption Granted: Assessee Operates Charity for Public Utility, Not Profit; Section 11 Applies, Proviso to 2(15) Doesn't.

Income Tax Exemption Granted: Assessee Operates Charity for Public Utility, Not Profit; Section 11 Applies, Proviso to 2(15) Doesn't. https://www.taxtmi.com/highlights?id=25195 Entitlement to exemption u/s.11 - Assessee does not driven primarily by desire or motive to earn profits but to do charity through advancement of an object of general public utility. The assessee is operating on no profit basis. - The proviso to Sec.2(15) not applicable - exemption allowed - AT en-us Thu, 08 Oct 2015 09:49:12 +0530 Thu, 08 Oct 2015 09:49:12 +0530 TaxTMI RSS Generator Income Tax Exemption Granted: Assessee Operates Charity for Public Utility, Not Profit; Section 11 Applies, Proviso to 2(15) Doesn't. https://www.taxtmi.com/highlights?id=25195 Entitlement to exemption u/s.11 - Assessee does not driven primarily by desire or motive to earn profits but to do charity through advancement of an object of general public utility. The assessee is operating on no profit basis. - The proviso to Sec.2(15) not applicable - exemption allowed - AT Highlights Income Tax Thu, 08 Oct 2015 09:49:12 +0530 https://www.taxtmi.com/highlights?id=25195