The Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has held that the income received by a charitable institution imparting education shall not be charged for receiving training and consultancy fee from corporates as the same cannot be treated as a ‘commercial activity’ for denying tax exemption. The assessee society is a charitable institution […]
The post Income Received by Charitable Institution from Training and Consultancy Fee from Corporates not a Commercial Activity: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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