Business Undertaking held as Property - Section 344 ( New) / Section 11 (Old)

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.... Where the property held by a registered non-profit organisation includes a business undertaking and a claim is made that the income of that undertaking is eligible for benefits under this Part, the Assessing Officer may determine the income of that business undertaking in accordance with the provisions of the Act. The provision therefore does not itself grant exemption to the business income.....

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....separate books. Comparative Analysis: Section 11(4) of the Income-tax Act, 1961 vs. Section 344 of the Income-tax Act, 2025 Particulars Section 11(4) - Income-tax Act, 1961 Section 344 - Income-tax Act, 2025 Business undertaking held as property Where a property held under trust includes a business undertaking, the provisions of section 11(4) apply to the income of....