https://www.taxtmi.com/caselaws?id=11749 The Supreme Court remitted the case back to the assessing authority for a fresh decision on whether a charitable trust conducting chitty business qualifies as an institution for exemption under section 11 of the Income-tax Act, 1961. The court clarified that for exemption under section 11, the business must be conducted solely for charitable purposes by an institution. The assessing authority had not determined if the trust met the criteria under section 11(4A)(b), prompting the court to set aside previous orders and instruct a reconsideration with the opportunity for the assessee to present evidence and legal precedents. en-us Wed, 20 Nov 2002 00:00:00 +0530 Sun, 07 Feb 2010 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11749 The Supreme Court remitted the case back to the assessing authority for a fresh decision on whether a charitable trust conducting chitty business qualifies as an institution for exemption under section 11 of the Income-tax Act, 1961. The court clarified that for exemption under section 11, the business must be conducted solely for charitable purposes by an institution. The assessing authority had not determined if the trust met the criteria under section 11(4A)(b), prompting the court to set aside previous orders and instruct a reconsideration with the opportunity for the assessee to present evidence and legal precedents. Case-Laws Income Tax Wed, 20 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11749