[aaykarbhavan] No sec. 11 relief to trust constituted for development of cities as it had turned into a huge profit-making unit

No sec. 11 relief to trust constituted for development of cities as it had turned into a huge profit-making unit

November 7, 2014[2014] 49 taxmann.com 506 (Cochin - Trib.)

IT: Where predominant object of assessee-trust was profit making, exemption under section 11 was rightly denied

 

Regards

Prarthana Jalan

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

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