https://www.taxtmi.com/caselaws?id=293329 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions favoring the assessee. It maintained the exemption under Section 12A, rejecting the Revenue's interpretation of Section 2(15) as applicable to the assessee's activities. Additionally, the Tribunal affirmed the deletion of the bank interest addition, emphasizing the principle of mutuality and consistency with prior judgments. en-us Thu, 06 Jun 2019 00:00:00 +0530 Wed, 13 Nov 2024 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293329 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions favoring the assessee. It maintained the exemption under Section 12A, rejecting the Revenue's interpretation of Section 2(15) as applicable to the assessee's activities. Additionally, the Tribunal affirmed the deletion of the bank interest addition, emphasizing the principle of mutuality and consistency with prior judgments. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293329