Supreme Court Raises Concerns over MACT Rulings, Seeks Clear and Well-Reasoned Findings  ||  Supreme Court Revives over Rs.16 Crore Service Tax Demand Against BPCL and HPCL in CNG Sales Case  ||  Supreme Court Reduces Gang Rape Convict's Sentence to 20 Years, Cites Reform Prospects  ||  Rajasthan High Court: NI and Commercial Court Proceedings Equal, Grants Accused Original Records  ||  Bombay HC: Officials, Not Taxpayers, Must Pay For Losses From Illegal Project Cancellations  ||  Karnataka HC: Major Unmarried Daughter can Claim PG Education Costs under Domestic Violence Act  ||  Punjab & Haryana HC Calls For Wisdom Amid Lawyers' Strike over LADCS  ||  Kerala HC Orders SIT to Conclude Sabarimala Gold Theft Probe After National Metallurgical Lab Report  ||  Delhi HC Lifts Gag Order on the Wire; Prior Restraint in Defamation Not Sustainable  ||  Delhi HC: Parents Fined Rs.2 Lakh over False Birth Date for School Admission    

SC: Entities Involved in Trade Would Cease to be a Charitable Institution - (20 Oct 2022)

TRUSTS AND SOCIETIES

Supreme Court has ruled that any entity or institution involved in any trade or commerce under the guise of ‘general public utility’ will cease to be a ‘charitable institution’ and therefore, cannot claim tax exemption under the Income-Tax Act, 1961.

Tags : SUPREME COURT   TRADE   CHARITABLE INSTITUTION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved