https://www.taxtmi.com/caselaws?id=352138 The ITAT ruled in favor of the assessee, overturning the denial of exemption u/s. 11 based on the interpretation of commercial activities and the applicability of amended provisions of section 2(15) of the Income Tax Act. The ITAT held that the trust's primary purpose was charitable, and incidental activities did not change its character, emphasizing that surplus from activities did not affect its charitable nature. The ITAT set aside the previous decisions of the assessing officer and CIT(A), allowing the trust to avail the exemption under section 11 of the Income Tax Act. en-us Thu, 09 Nov 2017 00:00:00 +0530 Fri, 08 Dec 2017 09:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352138 The ITAT ruled in favor of the assessee, overturning the denial of exemption u/s. 11 based on the interpretation of commercial activities and the applicability of amended provisions of section 2(15) of the Income Tax Act. The ITAT held that the trust's primary purpose was charitable, and incidental activities did not change its character, emphasizing that surplus from activities did not affect its charitable nature. The ITAT set aside the previous decisions of the assessing officer and CIT(A), allowing the trust to avail the exemption under section 11 of the Income Tax Act. Case-Laws Income Tax Thu, 09 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352138