https://www.taxtmi.com/highlights?id=27532 Entitlement to deduction u/s 11 - The exclusionary clause does not require that the activity must be carried on in such a manner that it does not result in any profit. The restrictive condition that the purpose should not involve the carrying on of any activity for profit would be satisfied if profit making is not the real object - Exemption allowed - AT en-us Mon, 29 Feb 2016 10:20:53 +0530 Mon, 29 Feb 2016 10:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27532 Entitlement to deduction u/s 11 - The exclusionary clause does not require that the activity must be carried on in such a manner that it does not result in any profit. The restrictive condition that the purpose should not involve the carrying on of any activity for profit would be satisfied if profit making is not the real object - Exemption allowed - AT Highlights Income Tax Mon, 29 Feb 2016 10:20:53 +0530 https://www.taxtmi.com/highlights?id=27532