section 344
Business undertaking held as property
Income Tax Act 2025Tax2025570 sections23 chapters
Chapter XVII Special provisions relating to certain persons
Statutory text
3. —Commercial activities by registered non-profit organisation
W here the property held by a registered non-profit organisation includes a business undertaking, and where a claim is made that the income of any such undertaking is eligible for benefits under this Part, then the Assessing Officer shall have the power to determine the income of such business undertaking as per the provisions of this Act.
Study data processing for this section.
PDF: pending for this language.