https://www.taxtmi.com/caselaws?id=257603 The High Court upheld the Tribunal's decision allowing the respondent-assessee exemption under Section 11 of the Income Tax Act for Assessment Year 2005-06. The Court found that the respondent's facilitation of trade fair participation did not constitute a business activity, distinguishing it from organizing trade fairs. As a result, the exemption was deemed valid, and the Revenue's appeal was dismissed with no costs awarded. en-us Tue, 03 Mar 2015 00:00:00 +0530 Tue, 17 Mar 2015 06:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257603 The High Court upheld the Tribunal's decision allowing the respondent-assessee exemption under Section 11 of the Income Tax Act for Assessment Year 2005-06. The Court found that the respondent's facilitation of trade fair participation did not constitute a business activity, distinguishing it from organizing trade fairs. As a result, the exemption was deemed valid, and the Revenue's appeal was dismissed with no costs awarded. Case-Laws Income Tax Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257603