https://www.taxtmi.com/caselaws?id=402935 The Tribunal allowed the appeal challenging the denial of exemption under section 11 of the Income Tax Act, 1961. It held that the appellant, a company with charitable objects, was eligible for exemption as its commercial activities were incidental to its charitable purposes. The Tribunal emphasized the importance of consistent charitable objects and noted that once registration under section 12A is granted, the Assessing Officer cannot reassess the charitable nature of the objects. The case was remanded to the Assessing Officer for reevaluation, directing a fair hearing and consideration of all relevant facts. en-us Wed, 25 Nov 2020 00:00:00 +0530 Thu, 14 Jan 2021 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402935 The Tribunal allowed the appeal challenging the denial of exemption under section 11 of the Income Tax Act, 1961. It held that the appellant, a company with charitable objects, was eligible for exemption as its commercial activities were incidental to its charitable purposes. The Tribunal emphasized the importance of consistent charitable objects and noted that once registration under section 12A is granted, the Assessing Officer cannot reassess the charitable nature of the objects. The case was remanded to the Assessing Officer for reevaluation, directing a fair hearing and consideration of all relevant facts. Case-Laws Income Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402935