ITAT allows Exemption on pharmacy income of Charitable hospital

DCIT Vs Karuna Medical Society (ITAT Mumbai)

Issue- Whether the ld. CIT(A) was justified in treating the running of a pharmacy as an activity incidental to the attainment of the objectives of the assessee society which is running a hospital in terms of Section 11(4A) of the Act in the facts and circumstances of the instant case.

AO had sought to treat the conduct of the assessee in running a pharmacy on commercial basis. The ld. AO on perusal of the financials of the pharmacy and the asses

Please become a Premium member. If you are already a Premium member, login here to access the full content.