Exemption u/s 11 & 12 was allowable to Association of State Road Transport Undertaking

DCIT Vs. Association of State Road Transport Undertaking (ITAT Delhi) Conclusion: Since assessee association was providing laboratory test services and consultancy services in accordance with its charitable objects, therefore, activities could not be held to be rendered in relation to any “trade”, “commerce” or “business” as such activities were undertaken by  assessee association in furtherance of its main objects which were undisputedly of charitable nature and which was not an activity of “trade”, “commerce” or “businessR...