https://www.taxtmi.com/caselaws?id=258033 The Tribunal remanded the case for reassessment of income nature and transactions. Penalties under Sections 271D and 271E were removed, and Section 11 exemption was maintained pending verification of transactions' compliance with Section 12A. Detailed review was ordered to determine if income was related to charitable activities or a separate business. en-us Mon, 29 Apr 2013 00:00:00 +0530 Mon, 04 May 2015 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258033 The Tribunal remanded the case for reassessment of income nature and transactions. Penalties under Sections 271D and 271E were removed, and Section 11 exemption was maintained pending verification of transactions' compliance with Section 12A. Detailed review was ordered to determine if income was related to charitable activities or a separate business. Case-Laws Income Tax Mon, 29 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258033