https://www.taxtmi.com/caselaws?id=260606 The Court dismissed the appeal filed by the revenue challenging the cancellation of a Trust's registration as a Charitable Trust under Section 12A of the Income Tax Act. The Tribunal's decision to cancel the registration was overturned as the Court held that engaging in commercial activities alone does not warrant cancellation unless the activities are not genuine or do not align with the Trust's objects. The Court emphasized that tax exemption cannot be denied solely based on commercial activities if the Trust falls within the relevant statutory provisions, ruling in favor of the assessee. en-us Mon, 12 Jan 2015 00:00:00 +0530 Thu, 18 Jun 2015 06:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260606 The Court dismissed the appeal filed by the revenue challenging the cancellation of a Trust's registration as a Charitable Trust under Section 12A of the Income Tax Act. The Tribunal's decision to cancel the registration was overturned as the Court held that engaging in commercial activities alone does not warrant cancellation unless the activities are not genuine or do not align with the Trust's objects. The Court emphasized that tax exemption cannot be denied solely based on commercial activities if the Trust falls within the relevant statutory provisions, ruling in favor of the assessee. Case-Laws Income Tax Mon, 12 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260606