https://www.taxtmi.com/caselaws?id=386666 The High Court upheld the decisions of the CIT(A) and ITAT, confirming that the company's activities were charitable and aligned with the "preservation of environment" under Section 2(15). The Court ruled that the company did not fall within the proviso to Section 2(15) regarding commercial activities. Additionally, the company was deemed eligible for exemptions under Sections 11 and 12 as its surplus was considered incidental and used for charitable purposes. The Court ruled in favor of the assessee against the revenue on substantial legal questions. en-us Mon, 29 Jul 2019 00:00:00 +0530 Thu, 19 Dec 2019 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386666 The High Court upheld the decisions of the CIT(A) and ITAT, confirming that the company's activities were charitable and aligned with the "preservation of environment" under Section 2(15). The Court ruled that the company did not fall within the proviso to Section 2(15) regarding commercial activities. Additionally, the company was deemed eligible for exemptions under Sections 11 and 12 as its surplus was considered incidental and used for charitable purposes. The Court ruled in favor of the assessee against the revenue on substantial legal questions. Case-Laws Income Tax Mon, 29 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386666