Exemption u/s 11 available as renting of auditorium is incidental to fulfilment of object of trust

M.Ct.M. Chidambaram Chettiar Foundation Vs DDIT (ITAT Chennai) ITAT Chennai held that renting of auditorium for the purpose of conducting guest lectures or topics to address the students is incidental to fulfilment of the object of the trust i.e. education. Accordingly, exemption under section 11 of the Income Tax Act available. Facts- The only common issue in these four appeals of assessee is as regards to the order of CIT(A) confirming the action of AO in holding the Assessee trust falling in the category of Advancement of any other object of General Public Utility in regards to letting out ...