Thursday, September 17, 2015

[aaykarbhavan] No denial of registration to trust just because its incidental activities were profitable in nature



No denial of registration to trust just because its incidental activities were profitable in nature

September 17, 2015[2015] 61 taxmann.com 59 (Hyderabad - Trib.)/[2015] 38 ITR(T) 195 (Hyderabad - Trib.)
IT : Where assessee's primary purpose remained advancement of objects of general public utility, even if an incidental or ancillary activity for purpose of achieving main purpose was profitable in nature, denial of registration was unjustified
 
Regards
Prarthana Jalan


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


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