https://www.taxtmi.com/caselaws?id=394353 The ITAT ruled in favor of the association, holding it eligible for exemption under Section 11 of the Income Tax Act. The association's activities were deemed charitable, not commercial, exempting it from the first proviso of Section 2(15). The principle of mutuality applied to services provided to members, justifying exemption. The disallowance of unpaid expenses as surplus income was rejected. The Revenue's appeal was dismissed, affirming the association's exemption status. en-us Thu, 23 Jan 2020 00:00:00 +0530 Thu, 09 Apr 2020 13:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394353 The ITAT ruled in favor of the association, holding it eligible for exemption under Section 11 of the Income Tax Act. The association's activities were deemed charitable, not commercial, exempting it from the first proviso of Section 2(15). The principle of mutuality applied to services provided to members, justifying exemption. The disallowance of unpaid expenses as surplus income was rejected. The Revenue's appeal was dismissed, affirming the association's exemption status. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394353