https://www.taxtmi.com/caselaws?id=174835 Withdrawal of charitable status under the Income-tax Act was examined on the basis of concurrent findings that the assessee was not established for the prescribed charitable objects and that its activities did not advance general public utility. The note also records that the Finance Act, 2008 provisos, effective from 1 April 2009, exclude activities in the nature of trade, commerce or business, or services connected with them, when undertaken for consideration. On that reasoning, the order did not raise any debatable legal issue, and no substantial question of law was found to justify admission of the challenge. en-us Thu, 07 Nov 2013 00:00:00 +0530 Wed, 05 Oct 2016 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174835 Withdrawal of charitable status under the Income-tax Act was examined on the basis of concurrent findings that the assessee was not established for the prescribed charitable objects and that its activities did not advance general public utility. The note also records that the Finance Act, 2008 provisos, effective from 1 April 2009, exclude activities in the nature of trade, commerce or business, or services connected with them, when undertaken for consideration. On that reasoning, the order did not raise any debatable legal issue, and no substantial question of law was found to justify admission of the challenge. Case-Laws Income Tax Thu, 07 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174835