https://www.taxtmi.com/caselaws?id=379606 The Tribunal held that the trade association trust was entitled to exemption under Sections 11 to 13 read with Section 2(15) of the Income Tax Act. The interest income from fixed deposits and income from the "Goa Fest 2010" event were found to be in furtherance of charitable objects, not trade or business activities. The Tribunal set aside the lower authorities' decisions and allowed the appeal, ruling in favor of the assessee. en-us Fri, 01 Mar 2019 00:00:00 +0530 Sat, 04 May 2019 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379606 The Tribunal held that the trade association trust was entitled to exemption under Sections 11 to 13 read with Section 2(15) of the Income Tax Act. The interest income from fixed deposits and income from the "Goa Fest 2010" event were found to be in furtherance of charitable objects, not trade or business activities. The Tribunal set aside the lower authorities' decisions and allowed the appeal, ruling in favor of the assessee. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379606