https://www.taxtmi.com/caselaws?id=238310 The appellate tribunal upheld the decision of the Commissioner of Income-tax (Appeals) [CIT(A)], determining that the trust, despite its objects related to promoting the Islamic faith, was entitled to exemption under section 11 of the Income-tax Act, 1961. The tribunal found that section 13(1)(b) was not applicable as the trust's activities were not exclusively for a particular religious community. Emphasizing the principle of consistency, the tribunal maintained that the trust should be granted exemption as done in previous assessment years. Additionally, the tribunal agreed that only the net income, not gross receipts, should be assessed when denying exemption under sections 11 and 13. en-us Wed, 09 Jan 2013 00:00:00 +0530 Tue, 22 Mar 2016 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238310 The appellate tribunal upheld the decision of the Commissioner of Income-tax (Appeals) [CIT(A)], determining that the trust, despite its objects related to promoting the Islamic faith, was entitled to exemption under section 11 of the Income-tax Act, 1961. The tribunal found that section 13(1)(b) was not applicable as the trust's activities were not exclusively for a particular religious community. Emphasizing the principle of consistency, the tribunal maintained that the trust should be granted exemption as done in previous assessment years. Additionally, the tribunal agreed that only the net income, not gross receipts, should be assessed when denying exemption under sections 11 and 13. Case-Laws Income Tax Wed, 09 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238310