https://www.taxtmi.com/caselaws?id=287657 The appellate tribunal allowed the appeal of the assessee trust, ruling that its activities were not commercial in nature. The trust qualified for exemption under section 11 of the Income Tax Act, as its primary aim was public utility and development. The tribunal overturned the imposition of interest under sections 234A, 234B, and 234C, in line with judicial precedents and the nature of the trust's operations. en-us Tue, 23 Jul 2019 00:00:00 +0530 Sat, 25 Apr 2020 10:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287657 The appellate tribunal allowed the appeal of the assessee trust, ruling that its activities were not commercial in nature. The trust qualified for exemption under section 11 of the Income Tax Act, as its primary aim was public utility and development. The tribunal overturned the imposition of interest under sections 234A, 234B, and 234C, in line with judicial precedents and the nature of the trust's operations. Case-Laws Income Tax Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287657