https://www.taxtmi.com/caselaws?id=205724 The High Court dismissed the appeal, affirming the Tribunal's decision to grant approval under Section 80G(5)(vi) to the assessee based on the charitable nature of its activities. The Court held that income derived from property held under trust for charitable purposes, even from letting out properties, could still be exempt under Section 11(1)(a) of the Act. The Court found the assessee's activities to be charitable and in compliance with previous registrations, rejecting the revenue's argument that the society's business activities disqualified it from exemption. en-us Tue, 14 Dec 2010 00:00:00 +0530 Tue, 05 Jul 2011 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205724 The High Court dismissed the appeal, affirming the Tribunal's decision to grant approval under Section 80G(5)(vi) to the assessee based on the charitable nature of its activities. The Court held that income derived from property held under trust for charitable purposes, even from letting out properties, could still be exempt under Section 11(1)(a) of the Act. The Court found the assessee's activities to be charitable and in compliance with previous registrations, rejecting the revenue's argument that the society's business activities disqualified it from exemption. Case-Laws Income Tax Tue, 14 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205724