Transaction with Caterer Classified as Charitable Activity, Affecting Tax Exemption Eligibility Under Income Tax Act Sections 11 and 12.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Exemption u/s 11 & 12 - whether transaction with the caterer was in substance a mere passive letting of property, which could in no way be regarded as a business? - it is an activity undertaken to enable it to carry out its charitable activities in an effective manner. - AT....