Income earned from Leasing of Trust Building Is Commercial Business Activity: ITAT upholds Cancellation of Registration [Read Order]
Income earned from leasing of trust building is a commercial business activity, ITAT upheld the cancellation of trust registration
By Aparna. M - On May 19, 2024 10:27 am - 2 mins read
The two member bench of Pune Income Tax Appellate Tribunal ( ITAT ) canceled the application of registration filed under Section 12A of the Income Tax Act, 1961 after observing that the income earned from leasing of trust building is a commercial business activity. The Assessee, Golden Charitable Trust entered into a lease agreement with…
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