https://www.taxtmi.com/caselaws?id=370166 The Tribunal upheld the decision of the Ld.CIT(A) to grant exemption under sections 11 and 12 of the Income Tax Act to an autonomous society formed by the Government of India engaged in Research and Development in the communication sector. The Tribunal ruled that the society's activities, although yielding income, were not commercial in nature but rather research-based and cost-intensive, emphasizing that earning a surplus does not automatically classify activities as commercial. The revenue's appeal challenging the exemption was dismissed, affirming the order of the Ld.CIT(A). en-us Thu, 08 Nov 2018 00:00:00 +0530 Mon, 12 Nov 2018 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370166 The Tribunal upheld the decision of the Ld.CIT(A) to grant exemption under sections 11 and 12 of the Income Tax Act to an autonomous society formed by the Government of India engaged in Research and Development in the communication sector. The Tribunal ruled that the society's activities, although yielding income, were not commercial in nature but rather research-based and cost-intensive, emphasizing that earning a surplus does not automatically classify activities as commercial. The revenue's appeal challenging the exemption was dismissed, affirming the order of the Ld.CIT(A). Case-Laws Income Tax Thu, 08 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370166