https://www.taxtmi.com/caselaws?id=62003 The Tribunal dismissed the appeals, upholding the first appellate authority's decision that the assessee-club did not qualify for exemption under section 11 as it did not meet the conditions under section 11(4A). The Tribunal also upheld the penalty under section 221 and rejected the order levying tax at the maximum marginal rate under section 154. en-us Wed, 11 Apr 2001 00:00:00 +0530 Mon, 17 Jan 2011 15:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62003 The Tribunal dismissed the appeals, upholding the first appellate authority's decision that the assessee-club did not qualify for exemption under section 11 as it did not meet the conditions under section 11(4A). The Tribunal also upheld the penalty under section 221 and rejected the order levying tax at the maximum marginal rate under section 154. Case-Laws Income Tax Wed, 11 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62003