https://www.taxtmi.com/highlights?id=60425 Denial of exemption u/s 11 - treatment of assessee as AO - proof of profit motive - the assessee has carried on systematic activities in a regular manner for construction of Building as per plan, which have led to profit, and such activity is not incidental to the main object of town planning, therefore, it is clear that the assessee has carried on a business which is not incidental to attainment of objects of the authority. - assessee can’t be granted exemption under sec. 11 - AT en-us Wed, 10 Nov 2021 07:01:24 +0530 Wed, 10 Nov 2021 07:01:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60425 Denial of exemption u/s 11 - treatment of assessee as AO - proof of profit motive - the assessee has carried on systematic activities in a regular manner for construction of Building as per plan, which have led to profit, and such activity is not incidental to the main object of town planning, therefore, it is clear that the assessee has carried on a business which is not incidental to attainment of objects of the authority. - assessee can’t be granted exemption under sec. 11 - AT Highlights Income Tax Wed, 10 Nov 2021 07:01:24 +0530 https://www.taxtmi.com/highlights?id=60425