https://www.taxtmi.com/caselaws?id=268892 The Tribunal reversed the CIT(A)'s decision, ruling that the assessee qualifies for exemptions under Sections 11 and 12 of the Income Tax Act. It held that the assessee's activities are not considered trade, commerce, or business, emphasizing their charitable nature in alignment with Section 2(15) of the Income Tax Act. The Tribunal highlighted that the primary objective of the institution is public benefit rather than profit-making, thus confirming its eligibility for exemptions. The order was pronounced on 26.11.2015. en-us Thu, 26 Nov 2015 00:00:00 +0530 Fri, 04 Dec 2015 15:18:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268892 The Tribunal reversed the CIT(A)'s decision, ruling that the assessee qualifies for exemptions under Sections 11 and 12 of the Income Tax Act. It held that the assessee's activities are not considered trade, commerce, or business, emphasizing their charitable nature in alignment with Section 2(15) of the Income Tax Act. The Tribunal highlighted that the primary objective of the institution is public benefit rather than profit-making, thus confirming its eligibility for exemptions. The order was pronounced on 26.11.2015. Case-Laws Income Tax Thu, 26 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268892