https://www.taxtmi.com/highlights?id=58633 Exemption u/s 11 - whether the hostel activity of the trust which is imparting dental education in the institution established by it is a business activity incidental to the attainment of its objectives? - Having held that the activity of running the hostel is not a separate business activity and surplus income from the hostel fee cannot be treated as profit and gains of a separate business or commercial activity of the trust, it is held that the exemption under Section 11(1) of the Act cannot be disallowed to the assessee - HC en-us Sat, 03 Jul 2021 23:44:36 +0530 Sat, 03 Jul 2021 23:44:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58633 Exemption u/s 11 - whether the hostel activity of the trust which is imparting dental education in the institution established by it is a business activity incidental to the attainment of its objectives? - Having held that the activity of running the hostel is not a separate business activity and surplus income from the hostel fee cannot be treated as profit and gains of a separate business or commercial activity of the trust, it is held that the exemption under Section 11(1) of the Act cannot be disallowed to the assessee - HC Highlights Income Tax Sat, 03 Jul 2021 23:44:36 +0530 https://www.taxtmi.com/highlights?id=58633