Home › Tax Laws › CIT(E) v. Matoshri Arts & Sports Trust. (Bom) (HC) (UR) Editorial: SLP of revenue is dismissed (SLP No.17828 of 2019 dt.26/07/2019)(2019) 416 ITR 127 (St.)(SC)

CIT(E) v. Matoshri Arts & Sports Trust. (Bom) (HC) (UR) Editorial: SLP of revenue is dismissed (SLP No.17828 of 2019 dt.26/07/2019)(2019) 416 ITR 127 (St.)(SC)

S.11: Exemptions – Trust was not engaged in running the restaurant, bar etc. – Exemption is held to be allowable.

The Assessee trust was nowhere engaged in running the restaurant, bar etc, and therefore, the question of maintaining separate books of accounts for such activities did not arise . No violation of provision of S. 11. (Arising out of ITA No.3114/Mum/2012 dt.26/10/2015)(ITA No. 1680 of 2016, dt.11/02/2019)