https://www.taxtmi.com/caselaws?id=400385 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to grant the assessee exemption under Section 11 of the Income Tax Act. The Tribunal concluded that the assessee's activities were charitable, not constituting trade, commerce, or business, and therefore not subject to the proviso to Section 2(15). This decision was consistent with prior judicial interpretations, including the dismissal of the Revenue's Special Leave Petition by the SC in a related case. The Tribunal's order was pronounced on 04/11/2020, reinforcing the assessee's eligibility for tax exemption. en-us Wed, 04 Nov 2020 00:00:00 +0530 Tue, 05 Nov 2024 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400385 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to grant the assessee exemption under Section 11 of the Income Tax Act. The Tribunal concluded that the assessee's activities were charitable, not constituting trade, commerce, or business, and therefore not subject to the proviso to Section 2(15). This decision was consistent with prior judicial interpretations, including the dismissal of the Revenue's Special Leave Petition by the SC in a related case. The Tribunal's order was pronounced on 04/11/2020, reinforcing the assessee's eligibility for tax exemption. Case-Laws Income Tax Wed, 04 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400385