https://www.taxtmi.com/caselaws?id=15168 The appeal by Revenue under section 260A of the Income-tax Act against the Tribunal's order for the assessment year 1993-94 was dismissed. The Court upheld the Tribunal's decision that the respondent, a registered society, was entitled to exemption under section 11 as it did not engage in any business activities. The Court also noted that there were no new material facts presented by Revenue, and consistency in decision-making should be maintained. The issue regarding the treatment of the forfeited amount was deemed of academic interest only in light of the assessee's exemption under section 11. en-us Mon, 01 May 2000 00:00:00 +0530 Mon, 03 Aug 2009 15:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15168 The appeal by Revenue under section 260A of the Income-tax Act against the Tribunal's order for the assessment year 1993-94 was dismissed. The Court upheld the Tribunal's decision that the respondent, a registered society, was entitled to exemption under section 11 as it did not engage in any business activities. The Court also noted that there were no new material facts presented by Revenue, and consistency in decision-making should be maintained. The issue regarding the treatment of the forfeited amount was deemed of academic interest only in light of the assessee's exemption under section 11. Case-Laws Income Tax Mon, 01 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15168