Case Law Details
Case Name : DIT Vs M/s Lala Lajpatrai Memorial Trust (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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Newly inserted proviso to section 2 (15) will not apply to first three limbs of section 2(15) i.e. relief of the poor, education or medical relief
Brief:
Even after amendment of the Trust Deed the main object of the trust was to promote education. Letting out was incidental and not the principle activity of the assessee trust.Thus carrying out such incidental activity and the income derived from it is used for the educational institute and not for any partic
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