https://www.taxtmi.com/caselaws?id=220775 The High Court held that the dominant object of the assessee-society was for charitable purposes as defined in the Income-tax Act. The income for the relevant accounting year was found to be exempt under Section 11 of the Act, with Section 13(1)(bb) not applicable due to the charitable nature of the activities conducted by the assessee. The Court upheld the Tribunal's decision that the society's main object was charitable, and the insurance business was conducted under trust for charitable purposes, making it eligible for exemption under Section 11 of the Act. en-us Wed, 09 Jan 2013 00:00:00 +0530 Fri, 08 Feb 2013 06:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220775 The High Court held that the dominant object of the assessee-society was for charitable purposes as defined in the Income-tax Act. The income for the relevant accounting year was found to be exempt under Section 11 of the Act, with Section 13(1)(bb) not applicable due to the charitable nature of the activities conducted by the assessee. The Court upheld the Tribunal's decision that the society's main object was charitable, and the insurance business was conducted under trust for charitable purposes, making it eligible for exemption under Section 11 of the Act. Case-Laws Income Tax Wed, 09 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220775