https://www.taxtmi.com/highlights?id=59953 Exemption u/s 11 - Charitable activity u/s 2(15) - receipts under the heads ‘Revenue from test laboratory ‘and ‘consultancy receipts ‘ - Commercial activity or not - The intent of such activities is not to earn profit for its shareholders/owners. Consequently, this Court is in agreement with the findings of the CIT (A) and ITAT that the assessee-association does not carry on any business, trade or commerce with the intent of earning profit. - HC en-us Tue, 05 Oct 2021 08:42:35 +0530 Tue, 05 Oct 2021 08:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59953 Exemption u/s 11 - Charitable activity u/s 2(15) - receipts under the heads ‘Revenue from test laboratory ‘and ‘consultancy receipts ‘ - Commercial activity or not - The intent of such activities is not to earn profit for its shareholders/owners. Consequently, this Court is in agreement with the findings of the CIT (A) and ITAT that the assessee-association does not carry on any business, trade or commerce with the intent of earning profit. - HC Highlights Income Tax Tue, 05 Oct 2021 08:42:35 +0530 https://www.taxtmi.com/highlights?id=59953