[aaykarbhavan] No IT relief to trust if its business receipts exceeded threshold; yet its registration couldn't be revoked

 

No IT relief to trust if its business receipts exceeded threshold; yet its registration couldn't be revoked

April 24, 2014[2014] 44 taxmann.com 168 (Mumbai - Trib.)

IT: Where gross receipts of a charitable institution from its business exceeds limit of Rs. 10 lakhs, it will not be entitled for exemption or other admissible tax benefits for relevant year only; however its registration as charitable institution will continue

Regards

Prarthana Jalan

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