https://www.taxtmi.com/caselaws?id=290722 The ITAT upheld the CIT(A)'s decision, granting the assessee relief by allowing benefits under Sections 11 and 12 of the Income Tax Act. The ITAT emphasized the consistency principle and ruled that the assessee's activities qualified as charitable purposes under Section 2(15), not falling under the provisos. The surplus generated was deemed for reinvestment in charitable activities, not private profit. Reference to CBDT Circular No. 11/2008 clarified that the proviso to Section 2(15) does not apply to entities engaged in environmental preservation. The Revenue's appeal was dismissed, affirming the decision on 27-11-2019. en-us Wed, 27 Nov 2019 00:00:00 +0530 Tue, 13 Oct 2020 11:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290722 The ITAT upheld the CIT(A)'s decision, granting the assessee relief by allowing benefits under Sections 11 and 12 of the Income Tax Act. The ITAT emphasized the consistency principle and ruled that the assessee's activities qualified as charitable purposes under Section 2(15), not falling under the provisos. The surplus generated was deemed for reinvestment in charitable activities, not private profit. Reference to CBDT Circular No. 11/2008 clarified that the proviso to Section 2(15) does not apply to entities engaged in environmental preservation. The Revenue's appeal was dismissed, affirming the decision on 27-11-2019. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290722