https://www.taxtmi.com/caselaws?id=259641 The tribunal quashed the DIT(E)'s order under Section 263, restoring the AO's assessment order. The appeal was allowed, ruling the proviso to Section 2(15) inapplicable. The tribunal found the assessee's dominant object as charitable, with incidental activities not constituting trade or business. It held the AO's order was not erroneous, rejecting the DIT(E)'s contentions on exemption claims and principle of mutuality. The DIT(E) was deemed unjustified in invoking Section 263, relying on impermissible provisions. en-us Mon, 11 May 2015 00:00:00 +0530 Sat, 16 May 2015 06:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259641 The tribunal quashed the DIT(E)'s order under Section 263, restoring the AO's assessment order. The appeal was allowed, ruling the proviso to Section 2(15) inapplicable. The tribunal found the assessee's dominant object as charitable, with incidental activities not constituting trade or business. It held the AO's order was not erroneous, rejecting the DIT(E)'s contentions on exemption claims and principle of mutuality. The DIT(E) was deemed unjustified in invoking Section 263, relying on impermissible provisions. Case-Laws Income Tax Mon, 11 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259641