https://www.taxtmi.com/caselaws?id=339389 The Tribunal upheld the CIT(A)'s decision, granting exemption under section 11 of the Income Tax Act, 1961 to the assessee, a trust engaged in educational activities. The Tribunal found that the trust's investments in mutual funds were made to safeguard its interests and the profits were utilized for charitable purposes, aligning with the provisions of the Act. The Tribunal dismissed the Revenue's appeal, emphasizing the trust's adherence to its charitable objectives and the consistent application of exemptions in previous years. en-us Fri, 17 Feb 2017 00:00:00 +0530 Sat, 25 Feb 2017 14:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339389 The Tribunal upheld the CIT(A)'s decision, granting exemption under section 11 of the Income Tax Act, 1961 to the assessee, a trust engaged in educational activities. The Tribunal found that the trust's investments in mutual funds were made to safeguard its interests and the profits were utilized for charitable purposes, aligning with the provisions of the Act. The Tribunal dismissed the Revenue's appeal, emphasizing the trust's adherence to its charitable objectives and the consistent application of exemptions in previous years. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339389