https://www.taxtmi.com/caselaws?id=327218 The Tribunal upheld the CIT(A)'s decision, confirming that the assessee's activities were charitable and eligible for exemption under Section 11 of the Income Tax Act. The Tribunal emphasized that the AO had disrupted the settled position from previous years and reiterated that the corporation's primary objective was providing essential commodities to the poor at subsidized rates, with any incidental profit not altering its charitable nature. The Tribunal referenced earlier rulings supporting the charitable nature of the corporation's activities, ultimately dismissing the Revenue's appeals and affirming the decision in favor of the assessee. en-us Fri, 29 Apr 2016 00:00:00 +0530 Tue, 06 Feb 2018 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327218 The Tribunal upheld the CIT(A)'s decision, confirming that the assessee's activities were charitable and eligible for exemption under Section 11 of the Income Tax Act. The Tribunal emphasized that the AO had disrupted the settled position from previous years and reiterated that the corporation's primary objective was providing essential commodities to the poor at subsidized rates, with any incidental profit not altering its charitable nature. The Tribunal referenced earlier rulings supporting the charitable nature of the corporation's activities, ultimately dismissing the Revenue's appeals and affirming the decision in favor of the assessee. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327218