Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: TDS :: form 3cd :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: empanelment :: list of goods taxed at 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
 
 
From the Courts »
 Principal Commissioner Of Income Tax, Delhi-2 Vs. Best Infrastructure (India) Pvt. Ltd.
 Pr. Commissioner Of Income Tax-04 Vs. Il & Fs Energy Development Company Ltd
  GTC Industries Limited vs. ACIT (ITAT Mumbai) (Special Bench)
 Spectrum Coal & Power Ltd vs. ACIT (ITAT Mumbai)
  CIT vs. D. K. Garg (Delhi High Court)
 Pr CIT vs. Emirates Technologies Pvt Ltd (Delhi High Court)
  The Citizens Cooperative Society Ltd vs. ACIT (Supreme Court)
 K Raveendranathan Nair vs. CIT (Supreme Court)
 M/s Fiberfill Engineers Vs. Deputy Commissioner Of Income Tax
 Commissioner Of Income Tax, Del Vs. Mrs. Tara Sinha
 Unitech Wireless (Tamil Nadu) Pvt. Ltd. Vs. Principal Commissioner Of Income Tax, New Delhi & Ors.

Exemption: Income of Charitable trust-Entrance fee, Subscription fee received
October, 22nd 2007

DIT vs Apparel Export Promotion Council
Citation 163 Taxman 146

Exemption: Income of Charitable trust - Entrance fee, Subscription fee received

The assessee was a council established for promotion of garment exports. The entrance fee and the subscription fee received were exempt from tax.

High Court of Delhi

DIT vs Apparel Export Promotion Council

IT Appeal No. 683 of 2004

Madan B. Lokur and V.B. Gupta, JJ

19 February 2007

R.D. Jolly and Ajay Kumar Jha for the Appellant
B.B. Ahuja and D.K. Verma for the Respondent

ORDER

1. The only issue that has been raised by the revenue is with regard to the question whether entrance fee and subscription fee received by the assessee is entitled to exemption under section 11(4A) of the Income-tax Act, 1961.

2. In view of the decision rendered by this Court in Director of Income-tax (Exemption) v. Apparel Export Promotion Council [IT Case No. 46 of 1997 dated 5-5-1998] and Director of Income-tax (Exemption) v. Apparel Export Promotion Council (No. 2), [2000] 244 ITR 7361 (Delhi), no substantial question of law arises in this appeal.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions