https://www.taxtmi.com/caselaws?id=243324 The High Court upheld the Tribunal's decision in favor of the respondent assessee, Sabarmati Ashram Gaushala Trust, regarding the exemption under Section 11 of the Income Tax Act. The Court affirmed that the Trust's activities were charitable in nature, aimed at general public utility, and any profit generated was merely incidental and did not classify the activities as trade, commerce, or business. The Court dismissed the Tax Appeal, ruling that the Tribunal's judgment was sound and accurate. en-us Wed, 15 Jan 2014 00:00:00 +0530 Fri, 06 Jun 2014 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243324 The High Court upheld the Tribunal's decision in favor of the respondent assessee, Sabarmati Ashram Gaushala Trust, regarding the exemption under Section 11 of the Income Tax Act. The Court affirmed that the Trust's activities were charitable in nature, aimed at general public utility, and any profit generated was merely incidental and did not classify the activities as trade, commerce, or business. The Court dismissed the Tax Appeal, ruling that the Tribunal's judgment was sound and accurate. Case-Laws Income Tax Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243324