SMT. LINGAMMAL RAMARAJU SHASTRA PRATHISHTA TRUST,RAJAPALAYAM vs. ACIT (EXEMPTIONS), COIMBATORE
ITA 1250/CHNY/2024[2018-19]Status: DisposedITAT Chennai18 Nov 2024AY 2018-19
Section 11Section 12ASection 142(1)Section 143(2)Section 143(3)Section 263Section 264
1)(bb) (now not in the statute book), and
then drew our attention to Paragraph 18 of the Thanthi Trust wherein it
was held that a business whose income is utilized by the trust for the
purpose of achieving its objective, is a business that is incidental to the
attainment of objectives of the trust. According to him therefore, following
