https://www.taxtmi.com/caselaws?id=281893 The Tribunal affirmed that the assessee, a society engaged in charitable activities, was eligible for exemption under sections 11 and 12 of the Income Tax Act for the relevant assessment years. The High Court directed further review on the exemption issue, while confirming that the principle of mutuality applied to the assessee's activities. As a result, the assessee was deemed not liable for wealth tax, leading to the dismissal of Revenue's appeals. en-us Mon, 25 Mar 2013 00:00:00 +0530 Thu, 11 Jul 2019 10:10:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281893 The Tribunal affirmed that the assessee, a society engaged in charitable activities, was eligible for exemption under sections 11 and 12 of the Income Tax Act for the relevant assessment years. The High Court directed further review on the exemption issue, while confirming that the principle of mutuality applied to the assessee's activities. As a result, the assessee was deemed not liable for wealth tax, leading to the dismissal of Revenue's appeals. Case-Laws Income Tax Mon, 25 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281893