https://www.taxtmi.com/caselaws?id=256450 The Tribunal allowed the assessee's appeal, granting exemption under Sections 11 and 12 of the Income Tax Act, 1961. It held that the society, operating a Dharamshala, was a charitable organization not engaged in commercial activities, directing the Assessing Officer to allow the exemption. The Tribunal rejected the revenue's appeal, upholding the treatment of rental income and the claim of depreciation on capital assets. The judgment emphasized that surplus alone does not indicate commercial activities if they are incidental to the primary charitable purpose. en-us Fri, 12 Dec 2014 00:00:00 +0530 Fri, 13 Feb 2015 07:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256450 The Tribunal allowed the assessee's appeal, granting exemption under Sections 11 and 12 of the Income Tax Act, 1961. It held that the society, operating a Dharamshala, was a charitable organization not engaged in commercial activities, directing the Assessing Officer to allow the exemption. The Tribunal rejected the revenue's appeal, upholding the treatment of rental income and the claim of depreciation on capital assets. The judgment emphasized that surplus alone does not indicate commercial activities if they are incidental to the primary charitable purpose. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256450