The expenditure incurred to carry out social and economic development would con…
The expenditure incurred to carry out social and economic development would constitute a 'business' or 'commercial' activity undertaken by the assessee.
The expenditure incurred to carry out social and economic development would constitute a 'business' or 'commercial' activity undertaken by the assessee.
PRINCIPAL COMMISSIONER OF INCOME TAX & ANR. VS INDIAN FARM FORESTRY DEVELOPMENT & ANR.-(High Court)
The expenditure incurred to carry out social and economic development would constitute a 'business' or 'commercial' activity undertaken by the assessee. Under section 37, it does not matter whether or not the expenditure was in the nature of donation or s. 80G was not attracted.
The respondents will file on record Memorandum and Articles of Association, which would include the objects and purpose for which the respondent was set up and the nature of activities performed by them, within a period of four weeks.
Re-list on 31st October, 2018.
SANJIV KHANNA, J.
CHANDER SHEKHAR, J.
JULY 23, 2018
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The expenditure incurred to carry out social and economic development would constitute a 'business' or 'commercial' activity undertaken by the assessee.
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- Reportdata/1055.pdf
