Case Law Details
DCIT Vs Ernet India (ITAT Delhi)
Though assessee was charging subscription as well as consultancy fees on actual, the same did not result in to the conclusion, that it was carrying on its activities which could be termed as business, trade, or commerce.
FULL TEXT OF THE ITAT JUDGEMENT
The present appeal has been filed by revenue against order dated 21/09/15 passed by Ld.CIT(A)-40 for Assessment Year 2011- 12 on the following grounds of appeal:
“1. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in allowing the appeal of the assessee ignoring the fact that though the objects of the assessee may seem to be charitable but the activities carried out by the society which yielded income to the society are commercial in nature.
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