https://www.taxtmi.com/caselaws?id=373124 The Tribunal ruled in favor of the assessee, holding that their activities were primarily charitable despite some commercial elements. The assessee was found eligible for benefits under Sections 11 & 12 of the I.T. Act as their income was utilized for charitable purposes. The Tribunal directed the Assessing Officer to allow deductions claimed and delete the assessment of surplus income as business income. Additionally, the Tribunal instructed the AO to verify and grant credit for TDS claims and upheld the levy of interest under Section 220(2) as compensatory and mandatory. en-us Thu, 03 Jan 2019 00:00:00 +0530 Wed, 13 Feb 2019 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373124 The Tribunal ruled in favor of the assessee, holding that their activities were primarily charitable despite some commercial elements. The assessee was found eligible for benefits under Sections 11 & 12 of the I.T. Act as their income was utilized for charitable purposes. The Tribunal directed the Assessing Officer to allow deductions claimed and delete the assessment of surplus income as business income. Additionally, the Tribunal instructed the AO to verify and grant credit for TDS claims and upheld the levy of interest under Section 220(2) as compensatory and mandatory. Case-Laws Income Tax Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373124