February 2020

Charitable purpose Meaning of Sections 2(15) and 11 of ITA, 1961 Preservation of environment is an object of general public utility Polluting industries setting up company for prevention of pollution Object not to earn profit Fact that members of company would benefit is not relevant Company entitled to exemption u/s 11

K.B.Bhujle
Advocate

33. CIT vs. Naroda Enviro Projects Ltd.; [2019] 419 ITR 482 (Guj.) Date of order: 29th July, 2019 A.Ys.: 2009-10

 

Charitable purpose Meaning of Sections 2(15) and 11 of ITA, 1961 Preservation of environment is an object of general public utility Polluting industries setting up company for prevention of pollution Object not to earn profit Fact that members of company would benefit is not relevant Company entitled to exemption u/s 11--->

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