https://www.taxtmi.com/caselaws?id=253565 The Tribunal upheld the denial of exemption under section 11 of the Income Tax Act, 1961 to the trust constituted by the Government of Kerala for planning and development activities in the Greater Cochin Area. The Tribunal agreed with the Assessing Officer and Commissioner of Income Tax (Appeals) that the trust's activities were commercial in nature, involving trade, commerce, and business, and therefore, not eligible for the charitable exemption. Additionally, the disallowance of depreciation claimed by the trust was upheld, resulting in the dismissal of the trust's appeals. en-us Fri, 08 Aug 2014 00:00:00 +0530 Thu, 27 Nov 2014 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253565 The Tribunal upheld the denial of exemption under section 11 of the Income Tax Act, 1961 to the trust constituted by the Government of Kerala for planning and development activities in the Greater Cochin Area. The Tribunal agreed with the Assessing Officer and Commissioner of Income Tax (Appeals) that the trust's activities were commercial in nature, involving trade, commerce, and business, and therefore, not eligible for the charitable exemption. Additionally, the disallowance of depreciation claimed by the trust was upheld, resulting in the dismissal of the trust's appeals. Case-Laws Income Tax Fri, 08 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253565