https://www.taxtmi.com/caselaws?id=364792 The Tribunal allowed the appeal of the assessee, overturning the denial of exemption u/s.11. It held that the appellant's activities related to the advancement of plastics technology were not commercial but disseminating knowledge for the benefit of members and the public, qualifying as activities of general public utility. The Tribunal emphasized the fulfillment of conditions for exemption u/s.11 and rejected the lower authorities' decision, stating that the appellant's activities were not business income but eligible for exemption. The issue of mutuality was indirectly addressed through the determination of non-commercial nature of the activities. en-us Mon, 30 Jul 2018 00:00:00 +0530 Fri, 03 Aug 2018 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364792 The Tribunal allowed the appeal of the assessee, overturning the denial of exemption u/s.11. It held that the appellant's activities related to the advancement of plastics technology were not commercial but disseminating knowledge for the benefit of members and the public, qualifying as activities of general public utility. The Tribunal emphasized the fulfillment of conditions for exemption u/s.11 and rejected the lower authorities' decision, stating that the appellant's activities were not business income but eligible for exemption. The issue of mutuality was indirectly addressed through the determination of non-commercial nature of the activities. Case-Laws Income Tax Mon, 30 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364792