Entity Denied Section 11 Tax Exemption; Activities Exceed 20% Trade Threshold u/s 2(15) Income Tax Act.

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....Benefit of exemption u/s 11 - charitable activity - Activities in the nature of trade, commerce or business - the receipts from these activities which is in the nature of trade business, or commerce is definitely more than 20% of the total receipts, hence, as per proviso to section 2(15) of the Act, the activities are not for charitable purpose. Assessee is not eligible for exemption u/s 11 - AT....