https://www.taxtmi.com/caselaws?id=397419 The Tribunal upheld the denial of exemption under Section 11 of the Income Tax Act for a non-profit entity engaged in commercial activities, including setting up a museum for the Reserve Bank of India. Despite being registered under Section 12AA, the entity's work for RBI was deemed commercial, disqualifying it from exemption. The Tribunal concluded that the activities did not align with "charitable purpose" as defined by the Act, affirming the decisions of the lower authorities and dismissing the appeals. en-us Fri, 14 Aug 2020 00:00:00 +0530 Tue, 18 Aug 2020 07:37:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397419 The Tribunal upheld the denial of exemption under Section 11 of the Income Tax Act for a non-profit entity engaged in commercial activities, including setting up a museum for the Reserve Bank of India. Despite being registered under Section 12AA, the entity's work for RBI was deemed commercial, disqualifying it from exemption. The Tribunal concluded that the activities did not align with "charitable purpose" as defined by the Act, affirming the decisions of the lower authorities and dismissing the appeals. Case-Laws Income Tax Fri, 14 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397419