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Section 11(4A) needs to be satisfied to avail Section 11 exemption: HC
Case Law Details
- Case Name
- CIT Vs St. Thomas Cathedral Church (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Kerala High Court
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CIT Vs St. Thomas Cathedral Church (Kerala High Court)
The issue to be decided is, whether the income derived out of Kuri business conducted by the Charitable Trust is eligible for exemption or not, in view of sub-section (4A) introduced to Section 11 of the Income Tax Act with effect from 01-04-1984.
A Division Bench of this court in Commissioner of Income Tax V. Dharmodayam Co. (1997) 225 ITR 686 held that, if the Kuri business is held in trust, the income therefrom would not be governed by sub-section (4A) as has been held by the hon’ble Supreme Court in CIT V. Dharmo...
