https://www.taxtmi.com/caselaws?id=64731 The Tribunal allowed the company's appeal, granting exemption under section 11 of the Income Tax Act for the current assessment year. The Tribunal considered the company's past exemption, pending registration application, and relevant case laws in its decision. The Commissioner of Income Tax (Appeals) and Income Tax Officer had previously denied the exemption, citing the company's commercial activities and lack of charitable purpose. The Tribunal's decision overturned the lower authorities' rulings, allowing the company's claim for exemption. The Tribunal also rejected the assessee's request for costs against the Department, deeming the reference application not frivolous. en-us Mon, 31 Oct 1988 00:00:00 +0530 Fri, 23 Sep 2011 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64731 The Tribunal allowed the company's appeal, granting exemption under section 11 of the Income Tax Act for the current assessment year. The Tribunal considered the company's past exemption, pending registration application, and relevant case laws in its decision. The Commissioner of Income Tax (Appeals) and Income Tax Officer had previously denied the exemption, citing the company's commercial activities and lack of charitable purpose. The Tribunal's decision overturned the lower authorities' rulings, allowing the company's claim for exemption. The Tribunal also rejected the assessee's request for costs against the Department, deeming the reference application not frivolous. Case-Laws Income Tax Mon, 31 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64731