https://www.taxtmi.com/caselaws?id=267587 The court upheld the Income-tax Appellate Tribunal's decision that the Jaipur Stock Exchange qualifies as a charitable institution under section 2(15) of the Income-tax Act. The court found that the exchange's activities align with charitable purposes, such as regulating trade in securities and promoting public utility without profit distribution. Consequently, the court ruled in favor of the assessee, granting exemption under section 11 and dismissing all income-tax appeals brought by the Department. en-us Tue, 24 Feb 2015 00:00:00 +0530 Mon, 09 Nov 2015 16:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267587 The court upheld the Income-tax Appellate Tribunal's decision that the Jaipur Stock Exchange qualifies as a charitable institution under section 2(15) of the Income-tax Act. The court found that the exchange's activities align with charitable purposes, such as regulating trade in securities and promoting public utility without profit distribution. Consequently, the court ruled in favor of the assessee, granting exemption under section 11 and dismissing all income-tax appeals brought by the Department. Case-Laws Income Tax Tue, 24 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267587