https://www.taxtmi.com/caselaws?id=359156 The Tribunal ruled in favor of the public charitable trust, holding that it was eligible for exemption under Section 11 of the Income-tax Act. The trust's activities promoting sports, including collecting nominal fees from guests and learn-to-swim programs, were deemed charitable and not commercial. The Tribunal emphasized that the trust operated without a profit motive, incurred deficits from core activities, and had its charitable status reinstated. As a result, the AO was directed to allow the exemption and recognize the trust's activities as charitable, not falling under the proviso to Section 2(15). en-us Wed, 21 Mar 2018 00:00:00 +0530 Wed, 25 Apr 2018 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359156 The Tribunal ruled in favor of the public charitable trust, holding that it was eligible for exemption under Section 11 of the Income-tax Act. The trust's activities promoting sports, including collecting nominal fees from guests and learn-to-swim programs, were deemed charitable and not commercial. The Tribunal emphasized that the trust operated without a profit motive, incurred deficits from core activities, and had its charitable status reinstated. As a result, the AO was directed to allow the exemption and recognize the trust's activities as charitable, not falling under the proviso to Section 2(15). Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359156