Charitable institutions- not conducting affairs on commercial lines with motive to earn profit, and fulfilling objects of public utility can be allowed exemption even if profit is earned - CIT vs. Lucknow Development Authority - Income Tax - Direct Tax Code - DTC - Articles

Charitable institutions- not conducting affairs on commercial lines with motive to earn profit, and fulfilling objects of public utility can be allowed exemption even if profit is earned - CIT vs. Lucknow Development Authority - Income Tax - Direct Tax Code - DTC - By - CA DEV KUMAR KOTHARI - Dated - 22-11-2013 - Statutory provisions - Section 2(15), 11,12,13 12AA of the Income-tax Act, 1961. Circular No. 11/2008, dated 19-12-2008 Case laws relied on by parties and referred by the Court P.C. R................................... Income Tax - Direct Tax Code - DTC - Articles