https://www.taxtmi.com/caselaws?id=218414 The High Court ruled in favor of the assessee, PHD Chambers of Commerce and Industry, granting exemption under Section 11 of the Income Tax Act. The court held that the activities were charitable, not driven by profit motive, and therefore, the provisions of Section 11(4A) were not applicable. The court concluded that the assessee's services to members were not business activities, and the principle of mutuality applied, leading to the exemption being allowed. en-us Fri, 19 Oct 2012 00:00:00 +0530 Sat, 26 Oct 2013 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218414 The High Court ruled in favor of the assessee, PHD Chambers of Commerce and Industry, granting exemption under Section 11 of the Income Tax Act. The court held that the activities were charitable, not driven by profit motive, and therefore, the provisions of Section 11(4A) were not applicable. The court concluded that the assessee's services to members were not business activities, and the principle of mutuality applied, leading to the exemption being allowed. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218414