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Tax Exemption allowed to Charitable Society using its profit for charitable activities
Case Law Details
- Case Name
- PCIT Vs Servants of People Society (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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PCIT Vs Servants of People Society (Delhi High Court)
A perusal of the paper book reveals that the assessee/society is running a printing press and publishing a newspaper. The profit so generated is used for charitable purposes and apparently there is no profit motive in the activities of the assessee. As such it cannot be said that the assessee is involved in any trade, commerce or business. Consequently, the mischief of Proviso to Section 2(15) of the Act is not attracted.
In any event, the assessee/society is charitable in nature as the profit, if any, made by the assessee/...
