Income Tax Act, 1961 with Section 2(15) Archives

Supreme Court Clarifies Assessment Procedures for Charitable Trusts: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022)

Supreme Court Clarifies Assessment Procedures for Charitable Trusts: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022) LEGAL ISSUE: Clarification on the application of the Supreme Court’s judgment regarding Section 2(15) of the Income Tax Act, 1961, concerning charitable trusts and general public utility. CASE TYPE: Income Tax Law Case Name: Assistant Commissioner […]

Supreme Court Clarifies “Charitable Purpose” under Section 2(15) of Income Tax Act, 1961: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022)

October 19, 2022 / Charitable Purpose, Income Tax Act, 1961, Income Tax Act, 1961 with Section 11, Income Tax Act, 1961 with Section 2(15), Judges, Pamidighantam Sri Narasimha, S. Ravindra Bhat, Uday Umesh Lalit

Supreme Court Clarifies “Charitable Purpose” under Section 2(15) of Income Tax Act, 1961 Date of the Judgment: 19 October 2022 Citation: (2022) INSC 900 Judges: Uday Umesh Lalit, CJI, S. Ravindra Bhat, J, Pamidighantam Sri Narasimha, J. Can organizations involved in activities that generate revenue, such as trade or business, still be considered charities for

Supreme Court Clarifies “Charitable Purpose” under Section 2(15) of Income Tax Act, 1961: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022) Read Post »