Surplus from Educational Activities Doesn’t Convert Trust into Business

Institute of Marine Engineers India Vs ITO (ITAT Mumbai)

Maritime Training Is “Education”, Not Business: ITAT Mumbai Allows Section 11 Exemption to IMEI

Mumbai ITAT  allowed the Assessee’s appeal and directed grant of exemption u/s 11, setting aside the NFAC order which had treated the Institute as a commercial entity.

The Assessee, a trust registered u/s 12A, is engaged in DG(S)-approved structured maritime educ

Please become a Premium member. If you are already a Premium member, login here to access the full content.