https://www.taxtmi.com/caselaws?id=341205 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to grant exemption under section 11 to the assessee society for the assessment year 2010-11. The Tribunal found that the society's activities, involving the sale of books to Anganwadis under government direction, were not commercial in nature as there was no profit motive for personal gain. The profit earned was utilized for specific purposes mandated by the government, and the Tribunal concluded that the society was entitled to the exemption, dismissing the revenue's appeal. en-us Fri, 31 Mar 2017 00:00:00 +0530 Tue, 04 Apr 2017 09:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341205 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to grant exemption under section 11 to the assessee society for the assessment year 2010-11. The Tribunal found that the society's activities, involving the sale of books to Anganwadis under government direction, were not commercial in nature as there was no profit motive for personal gain. The profit earned was utilized for specific purposes mandated by the government, and the Tribunal concluded that the society was entitled to the exemption, dismissing the revenue's appeal. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341205