https://www.taxtmi.com/caselaws?id=62212 The Appellate Tribunal upheld the CIT(A)'s decision granting exemption under s. 10(22A) of the IT Act to a charitable trust for the assessment years 1982-83 and 1983-84. The trust's philanthropic activities, including running a clinic and hospital construction, aligned with the statutory requirements. Despite Revenue's arguments, the Tribunal ruled in favor of the trust, citing a similar precedent and the Karnataka High Court's interpretation. The trust's partnership in a firm was deemed non-profit, leading to the allowance of exemption. The Tribunal dismissed Revenue's appeals and upheld the trust's entitlement to exemption, as affirmed by the CIT(A) and Tribunal decisions. en-us Fri, 28 Aug 1992 00:00:00 +0530 Tue, 18 Jan 2011 15:47:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62212 The Appellate Tribunal upheld the CIT(A)'s decision granting exemption under s. 10(22A) of the IT Act to a charitable trust for the assessment years 1982-83 and 1983-84. The trust's philanthropic activities, including running a clinic and hospital construction, aligned with the statutory requirements. Despite Revenue's arguments, the Tribunal ruled in favor of the trust, citing a similar precedent and the Karnataka High Court's interpretation. The trust's partnership in a firm was deemed non-profit, leading to the allowance of exemption. The Tribunal dismissed Revenue's appeals and upheld the trust's entitlement to exemption, as affirmed by the CIT(A) and Tribunal decisions. Case-Laws Income Tax Fri, 28 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62212