https://www.taxtmi.com/caselaws?id=202047 The Court quashed the order refusing renewal of exemption under section 80G(5) of the Income-tax Act and remanded the case to the Commissioner for a fresh decision. The Court emphasized the importance of income utilization for charitable purposes over the source of income, rejecting the refusal of exemption solely based on income source. It differentiated profit-making intentions from the primary criterion of income utilization for charitable purposes under section 80G. The Court directed the petitioner to appear before the Commissioner for reconsideration in accordance with the law. en-us Mon, 22 Feb 2010 00:00:00 +0530 Thu, 27 Dec 2012 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202047 The Court quashed the order refusing renewal of exemption under section 80G(5) of the Income-tax Act and remanded the case to the Commissioner for a fresh decision. The Court emphasized the importance of income utilization for charitable purposes over the source of income, rejecting the refusal of exemption solely based on income source. It differentiated profit-making intentions from the primary criterion of income utilization for charitable purposes under section 80G. The Court directed the petitioner to appear before the Commissioner for reconsideration in accordance with the law. Case-Laws Income Tax Mon, 22 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202047