Case Law Analysis
|Income Tax Appellate Tribunal
Section 2(15) IT Act | Commercial Receipts from Industry Associations Do Not Automatically Disqualify Charitable Status Under GPU Test: ITAT Delhi
ITAT Delhi has ruled that even if an industry association earns commercial receipts, it retains eligibility for tax exemption under Section 11 if its core activities advance a General Public Utility, provided the 20% threshold is not exceeded. This clarifies that revenue nature alone cannot override statutory charitable intent - a critical precedent for trade bodies and professional societies seeking tax exemption.