https://www.taxtmi.com/caselaws?id=185485 The Tribunal allowed the Revenue's appeal for statistical purposes, highlighting the necessity of distinguishing between income sources related to members and non-members for tax treatment. The trust's activities were deemed profit-oriented and not charitable, leading to the rejection of exemption under section 11 of the Income Tax Act. The Tribunal emphasized the limited and exclusive nature of the services provided by the trust, indicating a lack of charitable intent and alignment with the definition of charitable purpose under the Act. The matter was remanded to the Assessing Officer to segregate income earned from non-members for appropriate tax treatment. en-us Wed, 21 May 2014 00:00:00 +0530 Tue, 16 Aug 2016 11:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185485 The Tribunal allowed the Revenue's appeal for statistical purposes, highlighting the necessity of distinguishing between income sources related to members and non-members for tax treatment. The trust's activities were deemed profit-oriented and not charitable, leading to the rejection of exemption under section 11 of the Income Tax Act. The Tribunal emphasized the limited and exclusive nature of the services provided by the trust, indicating a lack of charitable intent and alignment with the definition of charitable purpose under the Act. The matter was remanded to the Assessing Officer to segregate income earned from non-members for appropriate tax treatment. Case-Laws Income Tax Wed, 21 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185485