https://www.taxtmi.com/caselaws?id=299366 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the assessee trust's appeal. The Tribunal found no distinguishing facts from previous cases where courts ruled in favor of the assessee, confirming the eligibility for exemption under sections 11 and 12 of the Income Tax Act for the assessment year 2014-15. The Revenue's challenge against the deletion of additions in profit from business undertakings was rejected, affirming the trust's entitlement to exemptions under the specified sections. en-us Fri, 18 Dec 2020 00:00:00 +0530 Sat, 11 Dec 2021 09:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299366 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the assessee trust's appeal. The Tribunal found no distinguishing facts from previous cases where courts ruled in favor of the assessee, confirming the eligibility for exemption under sections 11 and 12 of the Income Tax Act for the assessment year 2014-15. The Revenue's challenge against the deletion of additions in profit from business undertakings was rejected, affirming the trust's entitlement to exemptions under the specified sections. Case-Laws Income Tax Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299366