[aaykarbhavan] Case remanded to AO for deciding fate of sec. 11 relief after considering nature of receipts and objects of trust

Case remanded to AO for deciding fate of sec. 11 relief after considering nature of receipts and objects of trust

May 5, 2014[2014] 44 taxmann.com 335 (Madras)

IT: Where Tribunal remanded matter back for purpose of considering assessee's claim under section 11, Assessing Officer shall consider nature of receipts keeping in mind objects of institution to find out as to whether income earned is incidental to objects of association and or whether income could only be treated as a separate business carried on by assessee

 

Regards

Prarthana Jalan

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