https://www.taxtmi.com/caselaws?id=420246 The appeal was dismissed by the Tribunal as the Appellant failed to demonstrate the utilization of income for charitable purposes, with the primary activity being commercial in nature. The denial of benefits under Section 11 of the Income Tax Act was upheld due to the lack of evidence supporting charitable activities and non-compliance with legal provisions, including the amended proviso to Section 2(15) and Section 13(8) of the Act. The Tribunal emphasized the importance of maintaining separate accounts for business activities to claim exemptions under Section 11. en-us Mon, 28 Mar 2022 00:00:00 +0530 Wed, 30 Mar 2022 08:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420246 The appeal was dismissed by the Tribunal as the Appellant failed to demonstrate the utilization of income for charitable purposes, with the primary activity being commercial in nature. The denial of benefits under Section 11 of the Income Tax Act was upheld due to the lack of evidence supporting charitable activities and non-compliance with legal provisions, including the amended proviso to Section 2(15) and Section 13(8) of the Act. The Tribunal emphasized the importance of maintaining separate accounts for business activities to claim exemptions under Section 11. Case-Laws Income Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420246