https://www.taxtmi.com/caselaws?id=418252 The court ruled in favor of the petitioner entity, finding that its activities, including setting up museums and science centers, were charitable in nature and aligned with educational purposes. The Tribunal's denial of exemption under Section 11 of the Income Tax Act was overturned as it failed to recognize the primary charitable objectives of the petitioner. The court emphasized that any surplus generated was reinvested for charitable purposes, supporting the entity's non-profit status. The appeal was allowed, and the court held that the petitioner qualified for the exemption under Section 11. en-us Thu, 10 Feb 2022 00:00:00 +0530 Sat, 30 Apr 2022 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418252 The court ruled in favor of the petitioner entity, finding that its activities, including setting up museums and science centers, were charitable in nature and aligned with educational purposes. The Tribunal's denial of exemption under Section 11 of the Income Tax Act was overturned as it failed to recognize the primary charitable objectives of the petitioner. The court emphasized that any surplus generated was reinvested for charitable purposes, supporting the entity's non-profit status. The appeal was allowed, and the court held that the petitioner qualified for the exemption under Section 11. Case-Laws Income Tax Thu, 10 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418252