https://www.taxtmi.com/caselaws?id=413172 The Tribunal held that the assessee's activities were charitable in nature and not profit-driven, entitling them to exemption under section 11 of the Income-tax Act. The denial of exemption by the Assessing Officer was overturned, and the appeal was allowed in favor of the assessee. The Tribunal emphasized that the dominant object of the trust was promoting and protecting trade, commerce, and manufacturers of India, with incidental income streams not affecting the charitable nature of the activities. en-us Thu, 30 Sep 2021 00:00:00 +0530 Wed, 24 Nov 2021 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413172 The Tribunal held that the assessee's activities were charitable in nature and not profit-driven, entitling them to exemption under section 11 of the Income-tax Act. The denial of exemption by the Assessing Officer was overturned, and the appeal was allowed in favor of the assessee. The Tribunal emphasized that the dominant object of the trust was promoting and protecting trade, commerce, and manufacturers of India, with incidental income streams not affecting the charitable nature of the activities. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413172