https://www.taxtmi.com/caselaws?id=281942 The Tribunal upheld the denial of benefit under Section 11 of the Act, as the assessee's activities were considered commercial rather than charitable. The Tribunal found that the trading activities lacked charitable intent, leading to substantial profits. The decision was based on the proviso to Section 2(15) of the Act, resulting in the dismissal of the appeal. en-us Wed, 28 Nov 2018 00:00:00 +0530 Sat, 13 Jul 2019 07:31:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281942 The Tribunal upheld the denial of benefit under Section 11 of the Act, as the assessee's activities were considered commercial rather than charitable. The Tribunal found that the trading activities lacked charitable intent, leading to substantial profits. The decision was based on the proviso to Section 2(15) of the Act, resulting in the dismissal of the appeal. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281942