M/S QUEEN'S EDUCATIONAL SOCIETY vs. COMMR.OF INCOME TAX
C.A. No.-005167-005167 - 2008Supreme Court16 Mar 2015
Bench: The Uttarakhand High Court, Nainital, May Be Gleaned From The Facts Of One Of Them, Namely, The Queen’S Educational Society Case. The Appellant Filed Its Return For Assessment Years 2000-2001 & 2001-2002 Showing A Net Surplus Of Rs.6,58,862/- & Rs.7,82,632/- Respectively. Since The Appellant Was Established With The Sole 2
Section 10Section 10(22)Section 260A
8.
In CIT v. Surat Art Silk Cloth Manufacturers' Assn.,
(1980) 121 ITR 1, this Court while construing the definition of
“charitable purpose” in Section 2(15) of the Income Tax Act
held:
“17. The next question that arises is as to what is
the meaning of the expression “activity for profit”.
Every trust
