https://www.taxtmi.com/caselaws?id=358532 The Tribunal allowed the appeals of the appellant, directing a fresh assessment by the Assessing Officer. The denial of exemption under section 11 was challenged successfully, emphasizing the appellant's charitable nature and activities conducted without a profit motive. The inclusion of various receipts as income was contested and found to be of a capital nature, not subject to tax. The Tribunal disagreed with the revenue's arguments and directed a reconsideration based on the nature of the receipts. The lower authorities were found to have incorrectly applied provisions, leading to the Tribunal's decision in favor of the appellant for statistical purposes. en-us Wed, 11 Apr 2018 00:00:00 +0530 Fri, 13 Apr 2018 08:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358532 The Tribunal allowed the appeals of the appellant, directing a fresh assessment by the Assessing Officer. The denial of exemption under section 11 was challenged successfully, emphasizing the appellant's charitable nature and activities conducted without a profit motive. The inclusion of various receipts as income was contested and found to be of a capital nature, not subject to tax. The Tribunal disagreed with the revenue's arguments and directed a reconsideration based on the nature of the receipts. The lower authorities were found to have incorrectly applied provisions, leading to the Tribunal's decision in favor of the appellant for statistical purposes. Case-Laws Income Tax Wed, 11 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358532