Breach Candy Hospital Trust Vs. CCIT (2010) 192 TAXMAN 98 (Bom)

The Division Bench in the facts of the case had held that there was absence of any material to show that generally there was a profit in the hospital activities of the petitioner therein. In this context, it was held that it cannot be said that the petitioner did not exist solely for philanthropic purpose but, for the purpose of profit and the rejection of the application of the petitioner therein was held not valid. (2010)  192 TAXMAN 98 (Bom) HIGH COURT OF BOMBAY Breach Candy Hospital Trust Vs. CCIT F.I. REBELLO AND D.G. KARNIK, JJ. WRIT PETITION NO. 1383 OF 2009 Date-...