Thursday, August 20, 2015

[aaykarbhavan] International School, being run with A.C. class rooms on commercial lines isn't entitled to be registered as trust



International School, being run with A.C. class rooms on commercial lines isn't entitled to be registered as trust
 August 20, 2015
[2015] 60 taxmann.com 126 (Kerala)/[2015] 370 ITR 724 (Kerala)
IT: Where assessee-trust was running posh school for children of non-resident Indians on commercial lines under guise of charitable purpose, it would not be entitled to claim exemption under section 12A
Regards
Prarthana Jalan


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


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