https://www.taxtmi.com/highlights?id=58488 Exemption u/s 11 - grant of registration u/s. 12AA - the view of the ld. CIT (Exemption) that the appellant company is a commercial organization merely because it is generating huge revenue from year to year with mark-up on the cost of 10% to 12% cannot be upheld. CIT (Exemption) had not considered the matter in proper perspective. - AT en-us Thu, 24 Jun 2021 08:32:37 +0530 Thu, 24 Jun 2021 08:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58488 Exemption u/s 11 - grant of registration u/s. 12AA - the view of the ld. CIT (Exemption) that the appellant company is a commercial organization merely because it is generating huge revenue from year to year with mark-up on the cost of 10% to 12% cannot be upheld. CIT (Exemption) had not considered the matter in proper perspective. - AT Highlights Income Tax Thu, 24 Jun 2021 08:32:37 +0530 https://www.taxtmi.com/highlights?id=58488