Incidental Commercial Activities Allowed Within Threshold for Tax Exemptions U/s. 11 & 12

JCIT-OSD(E) Vs Gujarat Housing Board (ITAT Ahmedabad)

ITAT Ahmedabad recently ruled on six appeals filed by the Revenue against the Gujarat Housing Board concerning different assessment years ranging from 2011-12 to 2018-19. The disputes primarily revolved around the applicability of tax exemptions under Sections 11 and 12 of the Income Tax Act, 1961, and compliance with the definition of “charitable purpose” under Section 2(15). Appeals related to low-tax-effect cases for assessment years 2015-16 and 2016-17 were withdrawn by the Revenue following CBDT’s Circular No. 09/2024

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