Benefit u/s 11 available as assessee not driven from primary objective

ACIT (Exemption) Vs Rajasthan State Road Transport Corporation (ITAT Jaipur)

ITAT Jaipur held that as the assessee is not driven primarily by desire or motive to earn profits but to do charity through advancement of an object of general public utility hence proviso to Sec.2(15) of the Act is therefore not applicable and accordingly assessee is entitled to benefits of section 11 of the Income Tax Act.

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