https://www.taxtmi.com/caselaws?id=416945 The Tribunal dismissed the Revenue's appeals for AY 2014-15 and AY 2017-18, upholding the CIT(A)'s orders. It affirmed that the assessee's activities were charitable and not in the nature of trade, commerce, or business. The Tribunal emphasized the principle of mutuality in the assessee's activities, allowing exemptions under sections 11 and 12 of the Income Tax Act, as well as the capital expenditure claim and accumulation claim under section 11(1)(a). en-us Fri, 31 Dec 2021 00:00:00 +0530 Wed, 12 Jan 2022 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416945 The Tribunal dismissed the Revenue's appeals for AY 2014-15 and AY 2017-18, upholding the CIT(A)'s orders. It affirmed that the assessee's activities were charitable and not in the nature of trade, commerce, or business. The Tribunal emphasized the principle of mutuality in the assessee's activities, allowing exemptions under sections 11 and 12 of the Income Tax Act, as well as the capital expenditure claim and accumulation claim under section 11(1)(a). Case-Laws Income Tax Fri, 31 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416945