https://www.taxtmi.com/caselaws?id=359182 The tribunal ruled in favor of the assessee trust, allowing exemption under Section 11 of the Income Tax Act. It held that the trust's activities, focused on promoting the Fragrance and Flavours industry, were not commercial but aligned with charitable objectives. The tribunal overturned the decision of the Commissioner of Income Tax (Appeals) and emphasized that generating an incidental surplus from genuine charitable activities should not disqualify an entity from tax exemption. en-us Fri, 08 Dec 2017 00:00:00 +0530 Wed, 25 Apr 2018 10:22:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359182 The tribunal ruled in favor of the assessee trust, allowing exemption under Section 11 of the Income Tax Act. It held that the trust's activities, focused on promoting the Fragrance and Flavours industry, were not commercial but aligned with charitable objectives. The tribunal overturned the decision of the Commissioner of Income Tax (Appeals) and emphasized that generating an incidental surplus from genuine charitable activities should not disqualify an entity from tax exemption. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359182