M/S.BHARATHAKSHEMAM,THRISSUR vs. THE ITO, THRISSUR
In the result, appeal of the assessee is dismissed
ITA 590/COCH/2019[2012-13]Status: DisposedITAT Cochin08 Jan 2020AY 2012-13
Bench: S/Shri Chandra Poojari, Am & George George K., Jm Assessment Year: 2012-13
Section 11Section 12ASection 13(1)(bb)Section 2(15)
ii) separate books of account should be maintained in respect of such business.
Similarly, entities whose object is education or medical relief would also continue to be eligible for exemption as charitable institutions even if they incidentally carry on a commercial activity subject to the conditions mentioned above.
3. The newly inserted proviso to section 2(15) will apply only