https://www.taxtmi.com/caselaws?id=234428 The High Court ruled in favor of the trust in a case involving the interpretation of section 2(15) of the Income-tax Act. The trust's activities, including running a blood bank and providing medical help to the poor, were deemed charitable as they lacked a profit motive. The Court upheld the Tribunal's decision that the trust qualified for exemption under section 80G. Additionally, the Court held that the Commissioner's withdrawal of recognition under section 80G(5) was unlawful due to lack of proper notice and consideration of financial information, ultimately deciding in favor of the trust against the Revenue. en-us Tue, 08 Jan 2013 00:00:00 +0530 Fri, 26 Jul 2013 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234428 The High Court ruled in favor of the trust in a case involving the interpretation of section 2(15) of the Income-tax Act. The trust's activities, including running a blood bank and providing medical help to the poor, were deemed charitable as they lacked a profit motive. The Court upheld the Tribunal's decision that the trust qualified for exemption under section 80G. Additionally, the Court held that the Commissioner's withdrawal of recognition under section 80G(5) was unlawful due to lack of proper notice and consideration of financial information, ultimately deciding in favor of the trust against the Revenue. Case-Laws Income Tax Tue, 08 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234428