https://www.taxtmi.com/caselaws?id=261248 The ITAT upheld the assessee's entitlement to exemption under Section 11 of the Income-tax Act, ruling that the construction of the temple was a charitable activity. The proviso to Section 2(15) was deemed inapplicable to the assessee's ancillary income-generating activities. The ITAT also dismissed the department's challenge to the deletion of disallowance under Section 40(a)(ia), emphasizing that no disallowance could be made under commercial principles when computing income under Section 11. The appeals by the department were both dismissed, with the judgments delivered on 3rd July 2015. en-us Fri, 03 Jul 2015 00:00:00 +0530 Mon, 17 Aug 2015 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261248 The ITAT upheld the assessee's entitlement to exemption under Section 11 of the Income-tax Act, ruling that the construction of the temple was a charitable activity. The proviso to Section 2(15) was deemed inapplicable to the assessee's ancillary income-generating activities. The ITAT also dismissed the department's challenge to the deletion of disallowance under Section 40(a)(ia), emphasizing that no disallowance could be made under commercial principles when computing income under Section 11. The appeals by the department were both dismissed, with the judgments delivered on 3rd July 2015. Case-Laws Income Tax Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261248