https://www.taxtmi.com/caselaws?id=199829 The Tribunal upheld the CIT(A)'s decision to allow the claim of exemption under section 11 for a charitable trust, dismissing the revenue's appeals for assessment years 2008-09 and 2009-10. The Tribunal found the trust's surplus generation permissible as long as it was utilized for charitable objectives, and rejected allegations of commercial activities and profit-making. Payments to relatives of trustees were deemed reasonable, and activities like organizing musical nights were considered beneficial for patients. The CIT(A)'s order was upheld based on a comprehensive analysis of facts and legal precedents. en-us Fri, 15 Apr 2016 00:00:00 +0530 Tue, 13 Mar 2018 21:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199829 The Tribunal upheld the CIT(A)'s decision to allow the claim of exemption under section 11 for a charitable trust, dismissing the revenue's appeals for assessment years 2008-09 and 2009-10. The Tribunal found the trust's surplus generation permissible as long as it was utilized for charitable objectives, and rejected allegations of commercial activities and profit-making. Payments to relatives of trustees were deemed reasonable, and activities like organizing musical nights were considered beneficial for patients. The CIT(A)'s order was upheld based on a comprehensive analysis of facts and legal precedents. Case-Laws Income Tax Fri, 15 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199829