https://www.taxtmi.com/caselaws?id=398128 The High Court held that the Tribunal erred in canceling the Director of Income Tax (Exemption)'s order under Section 12-AA(3) of the Income Tax Act. The Court clarified that the assessee's activities, aimed at public utility and not profit-making, were entitled to exemption under Section 11 of the Act. The appeal was dismissed, ruling in favor of the assessee and against the Revenue. en-us Mon, 17 Feb 2020 00:00:00 +0530 Mon, 07 Sep 2020 10:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398128 The High Court held that the Tribunal erred in canceling the Director of Income Tax (Exemption)'s order under Section 12-AA(3) of the Income Tax Act. The Court clarified that the assessee's activities, aimed at public utility and not profit-making, were entitled to exemption under Section 11 of the Act. The appeal was dismissed, ruling in favor of the assessee and against the Revenue. Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398128