https://www.taxtmi.com/caselaws?id=221309 The Tribunal upheld the respondent's appeal against the cancellation of registration under Section 12AA(3) of the Income Tax Act, 1961. It ruled that investment in commercial property for charitable purposes under Section 11(5) was permissible, as long as the income generated was applied to charitable objects. The High Court affirmed this decision, emphasizing the lack of evidence showing non-charitable use of the commercial property's rent. Consequently, the Court dismissed the appeal, finding no substantial legal question for consideration. en-us Tue, 26 Feb 2013 00:00:00 +0530 Sat, 02 Mar 2013 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221309 The Tribunal upheld the respondent's appeal against the cancellation of registration under Section 12AA(3) of the Income Tax Act, 1961. It ruled that investment in commercial property for charitable purposes under Section 11(5) was permissible, as long as the income generated was applied to charitable objects. The High Court affirmed this decision, emphasizing the lack of evidence showing non-charitable use of the commercial property's rent. Consequently, the Court dismissed the appeal, finding no substantial legal question for consideration. Case-Laws Income Tax Tue, 26 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221309