https://www.taxtmi.com/caselaws?id=279886 The Tribunal ruled in favor of the assessee, allowing the claim of exemption under sections 11 & 12 of the Income Tax Act. The Tribunal held that the Trust's activities were not indicative of regular trade, commerce, or business, and thus, the assessee was entitled to the exemption. The decision aligned with previous judgments and directed the Assessing Officer to grant the exemption as per the provisions of the Act. en-us Mon, 26 Feb 2018 00:00:00 +0530 Wed, 10 Apr 2019 06:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279886 The Tribunal ruled in favor of the assessee, allowing the claim of exemption under sections 11 & 12 of the Income Tax Act. The Tribunal held that the Trust's activities were not indicative of regular trade, commerce, or business, and thus, the assessee was entitled to the exemption. The decision aligned with previous judgments and directed the Assessing Officer to grant the exemption as per the provisions of the Act. Case-Laws Income Tax Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279886