https://www.taxtmi.com/caselaws?id=242726 The Tribunal dismissed the Revenue's appeal challenging a charitable trust's claim for exemption under section 11 for income from exhibitions, deeming the activity as incidental to the trust's main object. It upheld the trust's position on maintaining separate books of account and fulfilling conditions for exemption under section 11. The Tribunal directed the issue of carrying forward deficit for set off/adjustment against future surplus to be decided in accordance with a decision of the Hon'ble Bombay High Court, treating it as allowed for statistical purposes. en-us Wed, 17 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242726 The Tribunal dismissed the Revenue's appeal challenging a charitable trust's claim for exemption under section 11 for income from exhibitions, deeming the activity as incidental to the trust's main object. It upheld the trust's position on maintaining separate books of account and fulfilling conditions for exemption under section 11. The Tribunal directed the issue of carrying forward deficit for set off/adjustment against future surplus to be decided in accordance with a decision of the Hon'ble Bombay High Court, treating it as allowed for statistical purposes. Case-Laws Income Tax Wed, 17 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242726