https://www.taxtmi.com/caselaws?id=299611 The ITAT upheld the CIT(A)'s decision, allowing the trust's exemption under Sections 11 & 12 of the Income Tax Act, 1961, and permitting the claim for depreciation on fixed assets. The ITAT found the trust's activities to be charitable, in line with its objectives, and dismissed the Revenue's appeal. The ITAT affirmed the CIT(A)'s reliance on established judicial precedents, emphasizing the trust's primary charitable purpose despite some commercial activities. en-us Mon, 23 May 2016 00:00:00 +0530 Wed, 22 Dec 2021 20:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299611 The ITAT upheld the CIT(A)'s decision, allowing the trust's exemption under Sections 11 & 12 of the Income Tax Act, 1961, and permitting the claim for depreciation on fixed assets. The ITAT found the trust's activities to be charitable, in line with its objectives, and dismissed the Revenue's appeal. The ITAT affirmed the CIT(A)'s reliance on established judicial precedents, emphasizing the trust's primary charitable purpose despite some commercial activities. Case-Laws Income Tax Mon, 23 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299611