https://www.taxtmi.com/caselaws?id=62572 The ITAT ruled in favor of the assessee, determining that the income from hiring the auditorium and fixtures was not considered income from business. Consequently, the assessee was entitled to exemption under section 11 for such income. The ITAT's decision was based on an analysis of the trust's objectives, legal provisions, and judicial precedents, ultimately allowing all appeals in favor of the assessee. en-us Tue, 28 Feb 1995 00:00:00 +0530 Thu, 20 Jan 2011 14:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62572 The ITAT ruled in favor of the assessee, determining that the income from hiring the auditorium and fixtures was not considered income from business. Consequently, the assessee was entitled to exemption under section 11 for such income. The ITAT's decision was based on an analysis of the trust's objectives, legal provisions, and judicial precedents, ultimately allowing all appeals in favor of the assessee. Case-Laws Income Tax Tue, 28 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62572