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The SC upheld the High Court's ruling that organizing the Garba event during Navratri does not constitute a business activity under the proviso to section 2(15) read with section 13(8) of the Income Tax Act. The appellant's contention that the activity was carried out in a highly professional manner was rejected. The Court found no error in the HC's application of exemption under section 11. Consequently, the petition was dismissed along with all pending applications, affirming the tax exemption status of the activity.
The SC upheld the High Court's ruling that organizing the Garba event during Navratri does not constitute a business activity under the proviso to section 2(15) read with section 13(8) of the Income Tax Act. The appellant's contention that the activity was carried out in a highly professional manner was rejected. The Court found no error in the HC's application of exemption under section 11. Consequently, the petition was dismissed along with all pending applications, affirming the tax exemption status of the activity.
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