Tuesday, July 8, 2014

[aaykarbhavan] Hospital is entitled to claim sec. 11 relief from income arising from pharmacy, an integral part of hospital



Hospital is entitled to claim sec. 11 relief from income arising from pharmacy, an integral part of hospital

July 8, 2014[2014] 46 taxmann.com 31 (Chennai - Trib.)
IT : Where assessee, a charitable society registered under section 12A, was running a hospital, income earned by it from its pharmacy being integral to main object of running hospital, could not be excluded from computing income eligible for exemption under section 11
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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