https://www.taxtmi.com/caselaws?id=286663 The Tribunal upheld the Ld. CIT(A)'s decision, dismissing the Revenue's appeal. It determined that the assessee society's activities were not for private gain but for the advancement of general public utility, qualifying as charitable purposes under section 2(15) of the Income Tax Act. The society, established by the Ministry of Textiles, operated to promote the handloom sector without a profit motive. The Tribunal emphasized the society's role as a government entity and its objectives, allowing the benefit of sections 11 and 12 of the Act to the society. en-us Wed, 27 Mar 2019 00:00:00 +0530 Mon, 09 Mar 2020 07:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286663 The Tribunal upheld the Ld. CIT(A)'s decision, dismissing the Revenue's appeal. It determined that the assessee society's activities were not for private gain but for the advancement of general public utility, qualifying as charitable purposes under section 2(15) of the Income Tax Act. The society, established by the Ministry of Textiles, operated to promote the handloom sector without a profit motive. The Tribunal emphasized the society's role as a government entity and its objectives, allowing the benefit of sections 11 and 12 of the Act to the society. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286663