Hostel Fee Income is ‘Income from Charitable Activities’, not Business Income: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the hostel fee income received by a charitable Trust imparting education amount to “income from charitable activities” and the same cannot be treated as income from profit and gain from business and profession” under the Income Tax Act, 1961. The assessee was established to […]

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