SC: Readiness for Agreement Execution Must be Proven From Agreement Date, Not Only After Suit Filing  ||  Supreme Court: Long Gap Without Similar Criminal Conduct May Mitigate Sentence  ||  Supreme Court: Loss of Right Leg Constitutes 100% Functional Disability for a Mason  ||  Del HC Orders Fresh All India Tennis Association Elections by Sept 30, Sets Timeline for Amendments  ||  Bombay High Court Permits 26-Week Pregnancy Termination Due to Fetal Anomalies, Financial Hardship  ||  Uttarakhand High Court: NH Act Authority Cannot Challenge Collector-Fixed Circle Rate  ||  Consumer Court Directs Amazon, Seller to Pay Rs.4.68 Lakh to Customer as Compensation  ||  MP HC: Pension is a Proprietary Right and Cannot be Withheld unless Grave Misconduct is Proved  ||  HP High Court: ITBP Constable Removal For Affair Disproportionate; Orders Compulsory Retirement  ||  Calcutta High Court: Trade Licence Not Required For Advocates’ Partnership Registration    

ITAT, Mumbai: Incidental Activities of Trust of Charitable Purpose Not Commercial Activities - (06 Apr 2021)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Mumbai has held that where the purpose of the trust is relief to poor, education, or medical relief, the other activities carried on by the Trust in furtherance of its common objective shall not be deemed as a commercial activity for the purpose of granting tax benefits to such entities under the Income Tax Act, 1961.

Tags : INCOME TAX APPELLATE TRIBUNAL   INCIDENTAL ACTIVITIES OF TRUST OF CHARITABLE PURPOSE  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved