https://www.taxtmi.com/caselaws?id=420731 The High Court upheld the Income Tax Appellate Tribunal's decision granting exemption under Sections 11 and 12 of the Income Tax Act, 1961 for Assessment Years 2013-14 & 2014-15 to an entity involved in transferring grants to other NGOs while charging service fees. The Court determined that despite generating commercial income, the entity's activities were charitable, following a precedent from a prior case involving the same entity for the Assessment Year 2010-11. As the core purpose was social welfare and not profit-making, the Court found no new legal issues to consider and dismissed the appellant's challenge. en-us Fri, 01 Apr 2022 00:00:00 +0530 Thu, 07 Apr 2022 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420731 The High Court upheld the Income Tax Appellate Tribunal's decision granting exemption under Sections 11 and 12 of the Income Tax Act, 1961 for Assessment Years 2013-14 & 2014-15 to an entity involved in transferring grants to other NGOs while charging service fees. The Court determined that despite generating commercial income, the entity's activities were charitable, following a precedent from a prior case involving the same entity for the Assessment Year 2010-11. As the core purpose was social welfare and not profit-making, the Court found no new legal issues to consider and dismissed the appellant's challenge. Case-Laws Income Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420731