https://www.taxtmi.com/highlights?id=48904 Exemption u/s 11 - Bengaluru METRO - revenue derived from renting of space and advertisements - Keeping in mind of the provisions of the KIDA Act and precedents, the 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, hence the proviso to Sec.2(15) is therefore not applicable - Exemption granted en-us Tue, 27 Aug 2019 07:52:54 +0530 Mon, 26 Aug 2019 17:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48904 Exemption u/s 11 - Bengaluru METRO - revenue derived from renting of space and advertisements - Keeping in mind of the provisions of the KIDA Act and precedents, the 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, hence the proviso to Sec.2(15) is therefore not applicable - Exemption granted Highlights Income Tax Tue, 27 Aug 2019 07:52:54 +0530 https://www.taxtmi.com/highlights?id=48904