[aaykarbhavan] No sec. 11 relief if trust was doing supermarket business on commercial lines, being not incidental to its objects

 

No sec. 11 relief if trust was doing supermarket business on commercial lines, being not incidental to its objects

February 23, 2015[2015] 54 taxmann.com 224 (Cochin - Trib.)

IT : Where assessee trust carried on supermarket business for and on behalf of trust on commercial basis and there was no nexus between supermarket business and activity incidental to attainment of objects of assessee, assessee would be disentitled for exemption under section 11

Regards

Prarthana Jalan

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

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