https://www.taxtmi.com/caselaws?id=217305 The Tribunal upheld the CIT(A)'s decision that the assessee was entitled to exemption under Section 11 of the Income Tax Act. The additions made by the AO for capital expenditure, honorarium disallowance, and non-business expenses were deemed unwarranted. The Tribunal emphasized consistency in honorarium payments and the legitimate application of income towards the institution's charitable objectives, dismissing the Revenue's appeal. en-us Fri, 05 Oct 2012 00:00:00 +0530 Tue, 09 Oct 2012 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217305 The Tribunal upheld the CIT(A)'s decision that the assessee was entitled to exemption under Section 11 of the Income Tax Act. The additions made by the AO for capital expenditure, honorarium disallowance, and non-business expenses were deemed unwarranted. The Tribunal emphasized consistency in honorarium payments and the legitimate application of income towards the institution's charitable objectives, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217305