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Meaning of "Any concern" - taxworry.com
Meaning of tax terms

Meaning of “Any concern”

Posted on by Prashant Thakur

Case Name : Cit vs. Chandrika educational trust 

Citation : [1994] 207 itr 108 (ker.)

Court : Kerala high court

Section : 13

Meaning : Any concern’ in clause (h) refers also to a concern in which the trust is a partner, provided it is one in which any person referred to in sub-section (3) has so substantial interest and the funds of the trust are, or continue to remain, invested in that concern during any period of the previous year.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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