M/S. BHARATHAKSHEMAM vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX,
ITA/36/2020HC Kerala13 Nov 2020
Bench: HONOURABLE MR.JUSTICE K.VINOD CHANDRAN,HONOURABLE MR. JUSTICE T.R.RAVI
For Appellant: M/S. BHARATHAKSHEMAMFor Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
Section 11Section 12ASection 2(15)
4A). As
it stands, all that it requires for the business
income of a trust or institution to be exempt is
that the business should be incidental to the
attainment of the objectives of the trust or
institution. A business whose income is utilised
by the trust or the institution for the purposes
of achieving the objectives of the trust
