https://www.taxtmi.com/caselaws?id=398976 The Tribunal dismissed the Revenue's appeal, affirming the Society's charitable status and exemption under section 11 of the Income Tax Act, 1961. It concluded the Society's activities were not commercial, its surplus did not undermine its charitable nature, and capital expenditure was applicable as income. The Society was governed by sections 11, 12, 12A, 12AA, and 13, consistent with prior rulings upheld by the Delhi HC. en-us Wed, 26 Aug 2020 00:00:00 +0530 Tue, 05 Nov 2024 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398976 The Tribunal dismissed the Revenue's appeal, affirming the Society's charitable status and exemption under section 11 of the Income Tax Act, 1961. It concluded the Society's activities were not commercial, its surplus did not undermine its charitable nature, and capital expenditure was applicable as income. The Society was governed by sections 11, 12, 12A, 12AA, and 13, consistent with prior rulings upheld by the Delhi HC. Case-Laws Income Tax Wed, 26 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398976