https://www.taxtmi.com/caselaws?id=281899 The Tribunal allowed the appeal of the assessee society, holding it entitled to exemption under Sections 11 and 12 of the Income Tax Act. The principle of mutuality applies, and the proviso to Section 2(15) does not. The Tribunal directed the Revenue to delete the tax imposed by withdrawing the benefit under Sections 11 and 12 and found the recommendation for cancellation of registration under Section 12AA(3) to be erroneous. The appeal was allowed in favor of the assessee. en-us Fri, 06 Jun 2014 00:00:00 +0530 Fri, 12 Jul 2019 06:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281899 The Tribunal allowed the appeal of the assessee society, holding it entitled to exemption under Sections 11 and 12 of the Income Tax Act. The principle of mutuality applies, and the proviso to Section 2(15) does not. The Tribunal directed the Revenue to delete the tax imposed by withdrawing the benefit under Sections 11 and 12 and found the recommendation for cancellation of registration under Section 12AA(3) to be erroneous. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281899