This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No proviso to section 2(15) applies if surplus earned from activities incidental to main object being charitable in nature
Case Law Details
- Case Name
- Confederation of Real Estate Developers Association of India Vs ACIT (Exemption) (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Confederation of Real Estate Developers Association of India Vs ACIT (ITAT Mumbai)
Conclusion: AO was not justified in denying the benefit of exemption under section 11 as income on account of membership fees, subscription fees, grant in aid from Government of India, income from publications, exhibitions, award functions etc. were incidental to assessee’s main object to address national issues relating to real estate sector and better standard for its all member associations. Also, assesse was not having any profit motive and, therefore, activities of assessee were not in th...
Author Info
