Article Details

Scope of Section 2(15)- In Favor of Assessee
IT : Where motive of assessee is not generation of profit but to provide training to needy women in order to equip or train them and make them self-confident and self-reliant and occasional sales or trust's own fund generation was for furthering objects of trust, proviso to section 2(15) would not apply

 [2015] 60 55 (Bombay)


 Director of Income-tax


 Women's India Trust