https://www.taxtmi.com/caselaws?id=385993 The Tribunal upheld the Ld. CIT(A)'s decision that the assessee's activities were charitable, not commercial, as they were primarily research-oriented without a profit motive. The Tribunal dismissed the Revenue's appeals, ruling that advanced or unspent amounts received for ongoing research projects should not be taxed as income in the year of receipt, in line with the assessee's method of allocation over the project duration. en-us Tue, 03 Sep 2019 00:00:00 +0530 Thu, 19 Sep 2019 13:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385993 The Tribunal upheld the Ld. CIT(A)'s decision that the assessee's activities were charitable, not commercial, as they were primarily research-oriented without a profit motive. The Tribunal dismissed the Revenue's appeals, ruling that advanced or unspent amounts received for ongoing research projects should not be taxed as income in the year of receipt, in line with the assessee's method of allocation over the project duration. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385993