Letting of Marriage / Cultural Hall by Trust is not a ‘Commercial Activity’ if main object is Charity

ITO Vs. Kalinga Cultural Trust (ITAT Hyderabad) Assessee is pursuing charitable activity in accordance with its aims and objects while constructing the Jagannadha Temple. In fact, the AO himself in assessment order has admitted that income/fund of assessee is utilized in construction of the temple. Further, the coordinate bench in the said order held, by letting out function hall assessee is not involved in commercial activity so as to dis entitle it from claiming exemption u/s 11. Therefore, considered in the aforesaid perspective, there being no dispute to the fact that dominant object of as...