https://www.taxtmi.com/caselaws?id=65167 The ITAT upheld the CIT(A)'s decision that the assessee company, primarily engaged in providing amenities and benefits to its members, qualified for exemption under section 11 of the IT Act, 1961. The Tribunal found the company's income to be ancillary to its charitable activities, emphasizing the non-profit nature of the company and its alignment with its charitable objects as per the Memorandum. The Tribunal rejected Revenue's arguments, citing Supreme Court decisions, and dismissed reference applications as unnecessary, affirming the company's eligibility for exemption. en-us Tue, 28 Apr 1987 00:00:00 +0530 Mon, 14 Feb 2011 10:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65167 The ITAT upheld the CIT(A)'s decision that the assessee company, primarily engaged in providing amenities and benefits to its members, qualified for exemption under section 11 of the IT Act, 1961. The Tribunal found the company's income to be ancillary to its charitable activities, emphasizing the non-profit nature of the company and its alignment with its charitable objects as per the Memorandum. The Tribunal rejected Revenue's arguments, citing Supreme Court decisions, and dismissed reference applications as unnecessary, affirming the company's eligibility for exemption. Case-Laws Income Tax Tue, 28 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65167