https://www.taxtmi.com/caselaws?id=414526 The Tribunal concluded that the assessee's activities were predominantly commercial and profit-oriented, disqualifying it from claiming exemption under section 11 of the Income Tax Act. The Tribunal upheld the Assessing Officer's decision to assess the assessee as an Association of Persons (AOP) and deny the exemption. The appeal filed by the assessee was allowed for statistical purposes, indicating that further examination or procedural compliance is needed. en-us Mon, 11 Oct 2021 00:00:00 +0530 Tue, 09 Nov 2021 21:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414526 The Tribunal concluded that the assessee's activities were predominantly commercial and profit-oriented, disqualifying it from claiming exemption under section 11 of the Income Tax Act. The Tribunal upheld the Assessing Officer's decision to assess the assessee as an Association of Persons (AOP) and deny the exemption. The appeal filed by the assessee was allowed for statistical purposes, indicating that further examination or procedural compliance is needed. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414526