Allowing the appeal of the assessee the Tribunal held that ; receipt of subscriptions from members, sale of publications, Fafai Journal, holding of workshops & conferences, directory receipts etc., were provided for facilitating dominant object of assessee-trust, viz., providing knowledge, information, awareness, demonstrations, etc., to members of Fragrance and Flavours industry is charitable purpose and entitle to exemption . ( AY.2009 -10)
Fragrance & Flavours Association of India. v. DIT (E) (2018) 170 ITD 312 (Mum) (Trib.)
S. 11 : Property held for charitable purposes – Providing knowledge, information, awareness, demonstrations, etc., to members of Fragrance and Flavours industry is charitable purpose hence entitle to exemption [ S.2(15) ]