https://www.taxtmi.com/caselaws?id=253912 The Tribunal allowed the appeals of the assessee for both assessment years, holding that the activities were charitable, not business. The income generated was incidental to the main charitable purpose, exempt under Section 11. The proviso to Section 2(15) did not apply as there was no profit motive. The activities were not considered business under Section 28(iii), and the separate books of accounts requirement under Section 11(4A) was deemed inapplicable. The principle of consistency was upheld, emphasizing the long-standing exemption history. en-us Tue, 02 Dec 2014 00:00:00 +0530 Tue, 19 May 2015 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253912 The Tribunal allowed the appeals of the assessee for both assessment years, holding that the activities were charitable, not business. The income generated was incidental to the main charitable purpose, exempt under Section 11. The proviso to Section 2(15) did not apply as there was no profit motive. The activities were not considered business under Section 28(iii), and the separate books of accounts requirement under Section 11(4A) was deemed inapplicable. The principle of consistency was upheld, emphasizing the long-standing exemption history. Case-Laws Income Tax Tue, 02 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253912