https://www.taxtmi.com/caselaws?id=297860 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision that the assessee qualified for exemption under section 11 as a charitable society. The Tribunal emphasized the absence of profit motive in the assessee's activities, affirming that they were geared towards the welfare of the poor and rural populace. This ruling reiterated the significance of evaluating the nature of activities and profit motives in determining eligibility for exemption under the Act. en-us Tue, 08 Dec 2020 00:00:00 +0530 Sat, 27 Nov 2021 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297860 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision that the assessee qualified for exemption under section 11 as a charitable society. The Tribunal emphasized the absence of profit motive in the assessee's activities, affirming that they were geared towards the welfare of the poor and rural populace. This ruling reiterated the significance of evaluating the nature of activities and profit motives in determining eligibility for exemption under the Act. Case-Laws Income Tax Tue, 08 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297860