https://www.taxtmi.com/caselaws?id=349936 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the Charitable Trust, allowing the exemption under Section 11 of the Income Tax Act for the assessment year 2011-12. The ITAT held that the trust's activities were charitable, the fees charged were reasonable, and the rent paid to a related party was justified. The Tribunal emphasized that charging fees for educational services does not negate charitable status and found no evidence of profit motive. The decision aligned with previous assessments, emphasizing consistency in decision-making. en-us Tue, 24 Oct 2017 00:00:00 +0530 Fri, 27 Oct 2017 09:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349936 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the Charitable Trust, allowing the exemption under Section 11 of the Income Tax Act for the assessment year 2011-12. The ITAT held that the trust's activities were charitable, the fees charged were reasonable, and the rent paid to a related party was justified. The Tribunal emphasized that charging fees for educational services does not negate charitable status and found no evidence of profit motive. The decision aligned with previous assessments, emphasizing consistency in decision-making. Case-Laws Income Tax Tue, 24 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349936