PR. COMMISSIONER OF INCOME TAX, AJMER vs. M/S NITIN SPINNERS LTD.
The appeal of the assessee is allowed
ITA/30/2019HC Rajasthan23 May 2022
Bench: SANDEEP MEHTA,VINOD KUMAR BHARWANI
For Appellant: Mr. Ajay Kumrani, AdvocateFor Respondent: Mr. Sumesh Bajaj alongwith Mr. Rishabh
Section 12Section 2(15)Section 80Section 80G
trust
has several objects, some of which are charitable and others are
non-charitable and the trustees have unfettered discretion to
apply the income to any of the objects, the whole claim for
exemption would fail and no part of the income would be
exempted from tax. The respondent Society is engaged in
commercial activities and cannot be considered
