No proviso to section 2(15) applies if surplus earned from activities incidental to main object being charitable in nature

Confederation of Real Estate Developers Association of India Vs ACIT (ITAT Mumbai)

Conclusion: AO was not justified in denying the benefit of exemption under section 11 as income on account of membership fees, subscription fees, grant in aid from Government of India, income from publications, exhibitions, award functions etc. were incidental to assessee’s main object to address national issues relating to real estate sector and better standard for its all member associations. Also, assesse was not having a

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