https://www.taxtmi.com/caselaws?id=396791 The ITAT upheld the CIT(A)'s decision, allowing the assessee's exemption under Sections 11 and 12 of the Income Tax Act. The activities were deemed charitable, not commercial. The disallowances by the AO were overturned, with provisions to be deducted following commercial principles. The High Court affirmed the findings, reinforcing the assessee's charitable status and eligibility for exemptions. en-us Mon, 13 Jul 2020 00:00:00 +0530 Mon, 20 Jul 2020 13:22:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396791 The ITAT upheld the CIT(A)'s decision, allowing the assessee's exemption under Sections 11 and 12 of the Income Tax Act. The activities were deemed charitable, not commercial. The disallowances by the AO were overturned, with provisions to be deducted following commercial principles. The High Court affirmed the findings, reinforcing the assessee's charitable status and eligibility for exemptions. Case-Laws Income Tax Mon, 13 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396791