https://www.taxtmi.com/caselaws?id=337373 The Tribunal allowed the appeal, directing the Assessing Officer to grant exemption u/s 11 of the Income-tax Act, 1961 to the trust for AY 2011-12. It held that the trust's educational and training activities qualified as charitable, despite charging fees. The Tribunal emphasized the trust's longstanding charitable nature, distinguishing educational from commercial activities. Additionally, it instructed the AO to calculate depreciation considering the allowed exemption u/s 11. The decision underscored the trust's charitable endeavors and proper utilization of surplus for charitable purposes, ultimately upholding the exemption claim and allowing the appeal. en-us Wed, 04 Jan 2017 00:00:00 +0530 Sat, 07 Jan 2017 10:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337373 The Tribunal allowed the appeal, directing the Assessing Officer to grant exemption u/s 11 of the Income-tax Act, 1961 to the trust for AY 2011-12. It held that the trust's educational and training activities qualified as charitable, despite charging fees. The Tribunal emphasized the trust's longstanding charitable nature, distinguishing educational from commercial activities. Additionally, it instructed the AO to calculate depreciation considering the allowed exemption u/s 11. The decision underscored the trust's charitable endeavors and proper utilization of surplus for charitable purposes, ultimately upholding the exemption claim and allowing the appeal. Case-Laws Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337373