Providing Uniforms, Books and Transport Services to Students Not main Objects of Trust; Commercial in Nature: ITAT Disallows Income Tax Exemption [Read Order]

Providing - Uniforms - Books -Transport - Service s- Students - main - ITAT - Income - Tax - Exemption - TAXSCAN

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that providing uniforms, books or transport services to the students by the assessee trust are not its main objects and these been commercial in nature and disallowed the exemption under Section 11 of the Income Tax Act,1961. The assessee trust M/s. Sri Palaniappa Charitable,  is…

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