Other violations.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... or (d) any registered non-profit organisation, carrying out advancement of any other object of general public utility, carries out any commercial activity in contravention of the provisions of section 346, during any tax year, its regular income for such tax year as reduced by the expenditure referred to in sub-section (3) shall be taxable regular income which shall be chargeable to t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....stered non-profit organisation as on the end of the tax year immediately preceding the tax year for which income is being computed; (e) such expenditure is not out of any loan or borrowing; (f) the claim of depreciation is not in respect of an asset, acquisition of which has been claimed as application of income, in the same or any other tax year; (g) such expenditure is....