Trust’s Conference Hall Rental Income Taxable as Business Income: ITAT Delhi

National Academy of Agricultural Sciences Vs ITO (ITAT Delhi) ITAT Dismisses Assessee’s Appeals Because Auditorium Hiring Was Treated as Business Activity; Revenue Appeals Rejected Because Publication and Staff Expenses Were Incidental to Research Activities; ITAT Confirms Section 11 Relief Because Research Publications and Staff Costs Served Charitable Purpose. The Delhi ITAT disposed of a batch of five interconnected appeals filed by both the assessee and the Revenue relating to Assessment Years (AYs) 2017-18, 2018-19, and 2020-21. The assessee, a charitable society registered under th...