https://www.taxtmi.com/caselaws?id=339405 The court upheld the grant of exemption under section 11 of the Income Tax Act, 1961, for the pharmacy store within the hospital, despite a profit motive. The Commissioner of Income Tax (Appeals) decision was affirmed, emphasizing that the pharmacy store's operations were part of the hospital's charitable activities, supported by the trust's objective clause and approval under section 10(23C)(via). The court found no basis to treat the pharmacy store as a separate business venture, allowing the exemption under section 11. The Revenue's appeal was allowed for statistical purposes, directing a fresh examination of the case by the Commissioner of Income Tax (Appeals). en-us Wed, 15 Feb 2017 00:00:00 +0530 Sat, 25 Feb 2017 15:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339405 The court upheld the grant of exemption under section 11 of the Income Tax Act, 1961, for the pharmacy store within the hospital, despite a profit motive. The Commissioner of Income Tax (Appeals) decision was affirmed, emphasizing that the pharmacy store's operations were part of the hospital's charitable activities, supported by the trust's objective clause and approval under section 10(23C)(via). The court found no basis to treat the pharmacy store as a separate business venture, allowing the exemption under section 11. The Revenue's appeal was allowed for statistical purposes, directing a fresh examination of the case by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339405