Sunday, February 22, 2015

[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


__._,_.___
Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com




__,_._,___
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)