https://www.taxtmi.com/caselaws?id=363776 The Tribunal determined that the activities of the trust, including providing hostel facilities, aligned with the charitable purpose of education under section 2(15) of the Income Tax Act. It emphasized the essential role of hostels in education and upheld the trust's entitlement to benefits under sections 11 and 12 of the Act. The Tribunal rejected the AO's classification of the trust's activities as trade, commerce, or business, highlighting the trust's historical charitable nature and directed a reassessment. Additionally, it emphasized the importance of surplus utilization for fulfilling the trust's charitable objectives and allowed the appeal for tax benefits under the Act. en-us Thu, 12 Jul 2018 00:00:00 +0530 Wed, 18 Jul 2018 06:15:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363776 The Tribunal determined that the activities of the trust, including providing hostel facilities, aligned with the charitable purpose of education under section 2(15) of the Income Tax Act. It emphasized the essential role of hostels in education and upheld the trust's entitlement to benefits under sections 11 and 12 of the Act. The Tribunal rejected the AO's classification of the trust's activities as trade, commerce, or business, highlighting the trust's historical charitable nature and directed a reassessment. Additionally, it emphasized the importance of surplus utilization for fulfilling the trust's charitable objectives and allowed the appeal for tax benefits under the Act. Case-Laws Income Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363776