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![Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Exemption-Of-Income-Tax-Act-Income-Tax-Act-Income-Tax-receipts-from-activity-of-GPU-General-Public-Utility-receipts-from-activity-GPU-TAXSCAN.jpg "Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]")
Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that exemption under Section 11 of the Income tax act, 1961 should not be allowed when...
![Conducting or Participating in Exhibitions by GJEPC within India or Overseas Not “Commercial Activity”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Exhibitions-by-GJEPC-GJEPC-Commercial-Activity-ITAT-Exhibitions-Taxscan.jpg "Conducting or Participating in Exhibitions by GJEPC within India or Overseas Not “Commercial Activity”: ITAT [Read Order]")
![Assessee entitled to Registration under Section 12A even when activity covered under object of general public utility: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Section-12A-object-of-general-public-utility-Madras-High-Court-Taxscan.jpeg "Assessee entitled to Registration under Section 12A even when activity covered under object of general public utility: Madras High Court [Read Judgment]")