Bombay High Court Dismisses Revenue's Appeal in Income Tax Case — Trust's Rental Income from Educational Property Not Business Under Section 11(4A) of Income Tax Act, 1961. Letting out premises to educational institutions for advancement of education is a charitable activity, not a business, and does not attract Section 11(4A).
13 Apr 2016The case involves an appeal by the revenue under Section 260A of the Income Tax Act, 1961 against an order of the Income Tax Appellate Tribunal (ITAT)...
