https://www.taxtmi.com/caselaws?id=298874 The Tribunal partially allowed ITA No. 4940/Mum/2019 and allowed ITA No. 4941/Mum./2019, ruling in favor of the assessee. The Tribunal held that the assessee qualified for exemption under section 11 of the Income-tax Act, 1961, as a charitable organization, emphasizing that its activities were not limited to its members but extended to the general public. Additionally, the Tribunal directed the assessing officer to verify and potentially delete the disallowance of Rs. 1 lakh for alleged non-utilization of accumulated funds. en-us Fri, 07 May 2021 00:00:00 +0530 Thu, 25 Nov 2021 07:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298874 The Tribunal partially allowed ITA No. 4940/Mum/2019 and allowed ITA No. 4941/Mum./2019, ruling in favor of the assessee. The Tribunal held that the assessee qualified for exemption under section 11 of the Income-tax Act, 1961, as a charitable organization, emphasizing that its activities were not limited to its members but extended to the general public. Additionally, the Tribunal directed the assessing officer to verify and potentially delete the disallowance of Rs. 1 lakh for alleged non-utilization of accumulated funds. Case-Laws Income Tax Fri, 07 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298874