https://www.taxtmi.com/caselaws?id=187435 The High Court directed the Appellate Tribunal to reconsider whether the income from letting out Kalyanamandapam by a charitable trust constituted business income under Section 11(4A) of the Income-tax Act. The Tribunal's decision to apply the amended section retrospectively was deemed incorrect, with the High Court clarifying that the amendment should only apply from 1-4-1992 onwards. The Tribunal was instructed to reevaluate the matter using the appropriate legal tests and consider if the activity was systematically carried out with a profit-making intention. The case was remitted for fresh consideration with the opportunity to introduce new evidence if necessary. en-us Wed, 18 Dec 2002 00:00:00 +0530 Fri, 21 Oct 2016 13:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187435 The High Court directed the Appellate Tribunal to reconsider whether the income from letting out Kalyanamandapam by a charitable trust constituted business income under Section 11(4A) of the Income-tax Act. The Tribunal's decision to apply the amended section retrospectively was deemed incorrect, with the High Court clarifying that the amendment should only apply from 1-4-1992 onwards. The Tribunal was instructed to reevaluate the matter using the appropriate legal tests and consider if the activity was systematically carried out with a profit-making intention. The case was remitted for fresh consideration with the opportunity to introduce new evidence if necessary. Case-Laws Income Tax Wed, 18 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187435