The Pune Bench of Income Tax Appellate Tribunal (ITAT) has denied income tax exemption holding that organising drama on commercial basis by charitable trust was a commercial activity. The assessee, Maharaja Shivchatrapati Pratishthan, is a trust engaged in highlighting life of Chatrapati Shree Shivaji Maharaj by organising drama “Janta Raja”. The assessee was registered under…
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