https://www.taxtmi.com/caselaws?id=342692 The High Court held in favor of the Assessee, a society engaged in printing and distributing textbooks at subsidized rates, allowing exemption under Sections 11 and 12 of the Income Tax Act. The Court ruled that the Assessee's activities were charitable and educational, not business activities, emphasizing the rule of consistency in granting exemptions. The Court set aside the ITAT's decision and allowed the appeals in favor of the Assessee. en-us Wed, 03 May 2017 00:00:00 +0530 Sat, 17 Jun 2017 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342692 The High Court held in favor of the Assessee, a society engaged in printing and distributing textbooks at subsidized rates, allowing exemption under Sections 11 and 12 of the Income Tax Act. The Court ruled that the Assessee's activities were charitable and educational, not business activities, emphasizing the rule of consistency in granting exemptions. The Court set aside the ITAT's decision and allowed the appeals in favor of the Assessee. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342692