https://www.taxtmi.com/caselaws?id=329093 The Tribunal allowed the appeal, overturning the denial of benefits under sections 11 and 12 of the Income-tax Act, 1961 to the assessee society. It held that the activities generating surplus were in line with charitable objectives and not considered trade, commerce, or business. The Tribunal emphasized that income from activities aligned with charitable goals does not disqualify an entity from charitable status, referencing relevant case law. Consequently, the benefits were restored to the assessee. en-us Mon, 06 Jun 2016 00:00:00 +0530 Wed, 22 Jun 2016 09:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329093 The Tribunal allowed the appeal, overturning the denial of benefits under sections 11 and 12 of the Income-tax Act, 1961 to the assessee society. It held that the activities generating surplus were in line with charitable objectives and not considered trade, commerce, or business. The Tribunal emphasized that income from activities aligned with charitable goals does not disqualify an entity from charitable status, referencing relevant case law. Consequently, the benefits were restored to the assessee. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329093