https://www.taxtmi.com/caselaws?id=290028 The Tribunal ruled in favor of the assessee trust, finding that its activities were not profit-driven but aimed at promoting trade, commerce, and industry. The surplus generated was deemed incidental, upholding the trust's claim for exemption under section 11 of the Income Tax Act. The Revenue's appeals for the assessment years 2010-11 and 2011-12 were dismissed due to insufficient evidence contradicting the trust's charitable status and consistent judicial support for its position. en-us Fri, 08 Sep 2017 00:00:00 +0530 Sat, 05 Sep 2020 10:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290028 The Tribunal ruled in favor of the assessee trust, finding that its activities were not profit-driven but aimed at promoting trade, commerce, and industry. The surplus generated was deemed incidental, upholding the trust's claim for exemption under section 11 of the Income Tax Act. The Revenue's appeals for the assessment years 2010-11 and 2011-12 were dismissed due to insufficient evidence contradicting the trust's charitable status and consistent judicial support for its position. Case-Laws Income Tax Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290028