https://www.taxtmi.com/caselaws?id=284645 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to grant the assessee trust exemption under Sections 11 and 12, reject the disallowance of telecast expenses, and reject the estimation of unexplained expenditure on samagams. The Tribunal emphasized that the trust's activities were within the scope of its objects and that the AO's conclusions were based on incorrect interpretations and conjecture. The Tribunal's decision was consistent with previous rulings, including those of the Delhi High Court, which had upheld the trust's entitlement to exemptions and benefits under the Income Tax Act. en-us Fri, 08 Mar 2019 00:00:00 +0530 Sat, 30 Nov 2019 15:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284645 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to grant the assessee trust exemption under Sections 11 and 12, reject the disallowance of telecast expenses, and reject the estimation of unexplained expenditure on samagams. The Tribunal emphasized that the trust's activities were within the scope of its objects and that the AO's conclusions were based on incorrect interpretations and conjecture. The Tribunal's decision was consistent with previous rulings, including those of the Delhi High Court, which had upheld the trust's entitlement to exemptions and benefits under the Income Tax Act. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284645