https://www.taxtmi.com/caselaws?id=244006 The Tribunal concluded that the publication of 'Dainik Saamana' and other periodicals by the assessee is a business activity, not eligible for exemption under Section 11 of the Income Tax Act. The acquisition of fixed assets for the publication business does not qualify as the application of income for charitable purposes. The assessee failed to demonstrate the application of income for charitable purposes, and deficits from earlier years were not considered relevant. The Tribunal dismissed the appeals for all assessment years, in line with its previous decisions and Supreme Court rulings. en-us Wed, 21 Aug 2013 00:00:00 +0530 Mon, 17 Feb 2014 05:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244006 The Tribunal concluded that the publication of 'Dainik Saamana' and other periodicals by the assessee is a business activity, not eligible for exemption under Section 11 of the Income Tax Act. The acquisition of fixed assets for the publication business does not qualify as the application of income for charitable purposes. The assessee failed to demonstrate the application of income for charitable purposes, and deficits from earlier years were not considered relevant. The Tribunal dismissed the appeals for all assessment years, in line with its previous decisions and Supreme Court rulings. Case-Laws Income Tax Wed, 21 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244006