https://www.taxtmi.com/caselaws?id=390408 The court allowed the exemption application subject to exceptions, condoned a delay in filing another application, upheld the charitable status of the assessee for tax exemption purposes, determined that the principle of mutuality did not apply due to the charitable nature of the activities, and ruled that interest income was not taxable under the principle of mutuality. The court dismissed the Revenue's appeal, affirming the charitable status of the assessee and its entitlement to tax exemptions. en-us Wed, 27 Nov 2019 00:00:00 +0530 Wed, 19 Aug 2020 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390408 The court allowed the exemption application subject to exceptions, condoned a delay in filing another application, upheld the charitable status of the assessee for tax exemption purposes, determined that the principle of mutuality did not apply due to the charitable nature of the activities, and ruled that interest income was not taxable under the principle of mutuality. The court dismissed the Revenue's appeal, affirming the charitable status of the assessee and its entitlement to tax exemptions. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390408