Tag Archives: Section 2(15)

Providing essential commodities at subsidized rates is Charitable activity u/s 2(15)

By | June 10, 2016

Held The assessee was established with an object to ensure supply of food grains, edible oils, dall etc., to the masses/general public through the approved outlets by State Civil supplies department by grant of substantial subsidies given by the Govt. and is a Corporation governed and controlled by the Govt. of A.P {then}. The main… Read More »

Publishing of newspaper is not charitable activity,Not exempt

By | January 29, 2016

Held Publishing of newspaper is a commercial line which cannot be considered as charitable activity, so as to grant exemption u/s.11 of the Act. Accordingly, we are in agreement with the lower authorities and we deny the exemption u/s.11 of the Act. IN THE ITAT CHENNAI BENCH ‘A’ Murasoli Trust v. Assistant Director of Income-tax… Read More »

Dera is not a deemed trust, Dera Mukhi Income Taxable if no charitable activities carried out u/s 2(15)

By | December 25, 2015

Facts of the Case The appellant case was selected for scrutiny. The Assessing Officer made an addition of Rs. 1,21,67,653/- by treating the bank deposits as his income from profession and vocation while, inter alia, disallowing the expenses towards insurance and 1/5th expenses towards telephone, travelling and vehicle etc. amounting to Rs. 6,12,725/- besides, adding back… Read More »

section 2(15) Council for Leather Exports promoting export of leather and leather products is a charitable institution

By | October 25, 2015

Facts of the case :- Main objects of assessee were to support, protect, maintain, increase and promote export leather articles and products and bye-products of leather industry .Its activities were multiple and directed towards assisting its members in extending their global reach thereby increasing their exports Issue :- Assessing Officer held that activities of assessee… Read More »

Registration can not be cancelled by first proviso to section 2(15)

By | September 4, 2015

First proviso to section 2(15) has no role to play in cancellation or granting of trust’s registration Q : Can the Commissioner cancel the registration granted to assessee  on the basis of introduction of first proviso of section 2(15) holding that activities of assessee were commercial in nature. ? First proviso to section 2(15) have no… Read More »

when registration under section 12A can be denied to school

By | August 20, 2015

Q : when registration under section 12A can be denied to school? Assessee-trust filed an application for registration under section 12A and claimed exemption on ground that school ran by it was imparting education and, therefore, trust was meant for charitable purpose . Commissioner made an enquiry and was of opinion that assessee intended to… Read More »