THE ADIT ( EXEMPTION), KOCHI vs. M/S.INDIAN MEDICAL ASSOCIATION COCHIN BRANCH, COCHIN

In the result, both the appeals of the Revenue are dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

55,658/- and incurred various expenditure while earning this income. The Assessing Officer considered the entire gross collection as income of the assessee and denied exemption u/s. 11 of the Act by observing that the assessee was carrying on activities in the nature of trade, commerce and business and applied second proviso to section 2

THE DIT ( EXEMPTION), KOCHI vs. M/S.INDIAN MEDICAL ASSOCIATION COCHIN BRANCH, COCHIN

In the result, both the appeals of the Revenue are dismissed