HC affirmed ITAT's determination that the Assessee Trust...

HC affirmed ITAT's determination that the Assessee Trust qualified for exemption under Section 11 of Income Tax Act. The court upheld the lower appellate authorities' concurrent findings that the trust was not engaged in commercial activity. ITAT, as the final fact-finding authority, conclusively established the trust's charitable nature, determining no substantial question of law existed to warrant further judicial intervention. The ruling effectively confirmed the trust's eligibility for tax exemption based on a comprehensive factual analysis, rejecting potential challenges to its charitable status.