https://www.taxtmi.com/caselaws?id=396836 The Tribunal concluded that the assessee, a non-profit organization, was a charitable organization and not a mutual association. The income from interest, exchange gain, and miscellaneous sources was deemed incidental to its charitable activities and therefore exempt under section 11 of the Income Tax Act. The appeal was allowed, setting aside the lower authorities' decisions, and directing the Assessing Officer to grant the exemption under section 11. en-us Fri, 17 Jul 2020 00:00:00 +0530 Tue, 21 Jul 2020 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396836 The Tribunal concluded that the assessee, a non-profit organization, was a charitable organization and not a mutual association. The income from interest, exchange gain, and miscellaneous sources was deemed incidental to its charitable activities and therefore exempt under section 11 of the Income Tax Act. The appeal was allowed, setting aside the lower authorities' decisions, and directing the Assessing Officer to grant the exemption under section 11. Case-Laws Income Tax Fri, 17 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396836