https://www.taxtmi.com/caselaws?id=204932 The Tribunal upheld the CIT(A)'s decision, confirming that the assessee was entitled to benefits under sections 11 and 12 of the Income-tax Act. The investments in mutual funds were deemed compliant and aimed at enhancing resources for charitable purposes. The high frequency of transactions did not amount to a separate business activity. The Department's appeal was dismissed. en-us Wed, 10 Mar 2010 00:00:00 +0530 Thu, 11 Aug 2011 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204932 The Tribunal upheld the CIT(A)'s decision, confirming that the assessee was entitled to benefits under sections 11 and 12 of the Income-tax Act. The investments in mutual funds were deemed compliant and aimed at enhancing resources for charitable purposes. The high frequency of transactions did not amount to a separate business activity. The Department's appeal was dismissed. Case-Laws Income Tax Wed, 10 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204932