ITAT determined charitable institution's tax status, affirming...

ITAT determined charitable institution's tax status, affirming applicant's qualification under Section 2(15). Tribunal found applicant operates an Eye Hospital providing medical relief, meeting charitable objectives. Despite generating surplus income above standard thresholds, the institution maintained its charitable character by applying 85% of gross receipts toward charitable activities. Appellate Tribunal rejected revenue department's objections, emphasizing that surplus percentage alone does not invalidate charitable status. The tribunal ruled in favor of the assessee, preserving its tax exemption under Section 11/12 and confirming its continued classification as a legitimate charitable organization.

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