https://www.taxtmi.com/caselaws?id=253488 The High Court upheld the Tribunal's decision in the case involving the Indo French Centre for Promotion of Advanced Research, emphasizing the unique exemption granted by the CBDT and the charitable nature of the Centre's activities. The Court dismissed the Revenue's appeals, highlighting that the Centre had not violated relevant sections of the Income Tax Act as alleged, and the exemption granted by the CBDT shielded the Centre from taxation for specific assessment years. The judgment clarified the application of provisions of the Act in light of the exemptions provided to the Centre. en-us Thu, 30 Oct 2014 00:00:00 +0530 Wed, 26 Nov 2014 06:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253488 The High Court upheld the Tribunal's decision in the case involving the Indo French Centre for Promotion of Advanced Research, emphasizing the unique exemption granted by the CBDT and the charitable nature of the Centre's activities. The Court dismissed the Revenue's appeals, highlighting that the Centre had not violated relevant sections of the Income Tax Act as alleged, and the exemption granted by the CBDT shielded the Centre from taxation for specific assessment years. The judgment clarified the application of provisions of the Act in light of the exemptions provided to the Centre. Case-Laws Income Tax Thu, 30 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253488