https://www.taxtmi.com/caselaws?id=396150 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision to delete the addition of Rs. 4,93,67,440, finding that the assessee's activities were charitable, aligned with trust objectives, and not commercial. The Tribunal emphasized the absence of evidence supporting the commercial nature of the activities, concluding that the assessee's endeavors, focused on cultural preservation and public utility services without profit motives, qualified as charitable under section 2(15) of the Income-tax Act. en-us Fri, 06 Dec 2019 00:00:00 +0530 Wed, 24 Jun 2020 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396150 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision to delete the addition of Rs. 4,93,67,440, finding that the assessee's activities were charitable, aligned with trust objectives, and not commercial. The Tribunal emphasized the absence of evidence supporting the commercial nature of the activities, concluding that the assessee's endeavors, focused on cultural preservation and public utility services without profit motives, qualified as charitable under section 2(15) of the Income-tax Act. Case-Laws Income Tax Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396150