https://www.taxtmi.com/caselaws?id=62606 The Tribunal allowed the appeals, holding that the society was entitled to exemption under Section 11 for the assessment years 1980-81 and 1981-82. It found that the society's activities were genuinely charitable, with surplus income applied for charitable purposes, meeting the criteria for exemption under Section 11. The Tribunal concluded that the society's predominant object was charitable and not profit-driven, emphasizing that the mere fact of generating profit does not imply a profit motive. en-us Fri, 28 Apr 1989 00:00:00 +0530 Thu, 20 Jan 2011 17:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62606 The Tribunal allowed the appeals, holding that the society was entitled to exemption under Section 11 for the assessment years 1980-81 and 1981-82. It found that the society's activities were genuinely charitable, with surplus income applied for charitable purposes, meeting the criteria for exemption under Section 11. The Tribunal concluded that the society's predominant object was charitable and not profit-driven, emphasizing that the mere fact of generating profit does not imply a profit motive. Case-Laws Income Tax Fri, 28 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62606