The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the activity of organizing events or seminars by Trust by charging high amount of fee from the corporates cannot be treated as charitable in nature. The Assessing Officer noted that the assessee-Trust organizes events/seminars which are open to non-members and are chargeable. […]
The post Organizing Seminars by charging High Fee from Corporates by Trust is Commercial Activity: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws http://bit.ly/2sVhvXg
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