Tax Titbits
DOI:
https://doi.org/10.33516/maj.v49i5.75-76pAbstract
State organisations charging fees for their services have also become vulnerable in the light of extended interpretation placed by the Assessing Officers on the amendment to section 2(15) targeting charitable trusts and institutions with the object of general public utility having income in the nature of trade, commerce or business. Charging fees for specific services is part of the regulatory functions of the State and could not be treated as business as decided by the High Court in favour of the assessee in Bureau of Indian Standards v. Director General of Income-tax (Exemptions) [2013] 358 ITR 78 (Del).Downloads
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Published
2014-05-01
How to Cite
Rajaratnam, S. (2014). Tax Titbits. The Management Accountant Journal, 49(5), 75–76. https://doi.org/10.33516/maj.v49i5.75-76p
Issue
Section
Taxation