https://www.taxtmi.com/caselaws?id=331796 The court affirmed the Income-tax Appellate Tribunal's decision in an appeal by the Revenue regarding exemption eligibility under section 11(4A) of the Act for a charitable hospital. The Tribunal's ruling, which favored the hospital's maintenance of separate ledgers for various income streams, was upheld. The court emphasized the significance of maintaining distinct accounts to establish compliance with statutory conditions for exemption, dismissing the Revenue's appeal for lack of substantial legal issues. en-us Tue, 29 Mar 2016 00:00:00 +0530 Fri, 02 Sep 2016 12:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331796 The court affirmed the Income-tax Appellate Tribunal's decision in an appeal by the Revenue regarding exemption eligibility under section 11(4A) of the Act for a charitable hospital. The Tribunal's ruling, which favored the hospital's maintenance of separate ledgers for various income streams, was upheld. The court emphasized the significance of maintaining distinct accounts to establish compliance with statutory conditions for exemption, dismissing the Revenue's appeal for lack of substantial legal issues. Case-Laws Income Tax Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331796