https://www.taxtmi.com/caselaws?id=274687 The High Court addressed appeals challenging the Tribunal's decision to grant registration under Section 12AA of the IT Act for charitable activities conducted on commercial lines. The Court framed the issue of whether commercial activities affect an entity's charitable status under Section 2(15) of the IT Act. Relying on precedents, the Court held that earning income through ancillary activities does not disqualify an entity from charitable status if the activities are conducted without a profit motive for public welfare. The Court ruled in favor of the assessee, upholding the Tribunal's decision to grant registration under Section 12AA. en-us Fri, 26 May 2017 00:00:00 +0530 Wed, 29 Aug 2018 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274687 The High Court addressed appeals challenging the Tribunal's decision to grant registration under Section 12AA of the IT Act for charitable activities conducted on commercial lines. The Court framed the issue of whether commercial activities affect an entity's charitable status under Section 2(15) of the IT Act. Relying on precedents, the Court held that earning income through ancillary activities does not disqualify an entity from charitable status if the activities are conducted without a profit motive for public welfare. The Court ruled in favor of the assessee, upholding the Tribunal's decision to grant registration under Section 12AA. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274687