https://www.taxtmi.com/caselaws?id=219120 The Court upheld the Tribunal's decision in favor of the Trust, allowing income exemption under Section 11 of the Income Tax Act for the assessment years 1990-91 and 1991-92. Despite concerns about the business's alignment with the Trust's primary charitable objects, the Court affirmed the decision based on the Trust's overall charitable nature and relevant legal precedents. The Court dismissed the Revenue's appeal, emphasizing the application of established legal principles and confirming the Tribunal's order without costs. en-us Tue, 18 Sep 2012 00:00:00 +0530 Wed, 05 Dec 2012 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219120 The Court upheld the Tribunal's decision in favor of the Trust, allowing income exemption under Section 11 of the Income Tax Act for the assessment years 1990-91 and 1991-92. Despite concerns about the business's alignment with the Trust's primary charitable objects, the Court affirmed the decision based on the Trust's overall charitable nature and relevant legal precedents. The Court dismissed the Revenue's appeal, emphasizing the application of established legal principles and confirming the Tribunal's order without costs. Case-Laws Income Tax Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219120