https://www.taxtmi.com/caselaws?id=422799 The Tribunal ruled in favor of the appellant, a registered charitable trust, holding that the rental receipts from the community hall were not considered commercial income under the proviso to Sec. 2(15). The Tribunal found that the trust's activities, primarily providing a platform for cultural activities and family functions at moderate rentals, were in line with charitable objectives and not profit-motivated. Emphasizing the importance of public support for cultural activities, the Tribunal directed the Assessing Officer to re-compute the trust's income accordingly, allowing the appeal. en-us Fri, 13 May 2022 00:00:00 +0530 Sun, 22 May 2022 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422799 The Tribunal ruled in favor of the appellant, a registered charitable trust, holding that the rental receipts from the community hall were not considered commercial income under the proviso to Sec. 2(15). The Tribunal found that the trust's activities, primarily providing a platform for cultural activities and family functions at moderate rentals, were in line with charitable objectives and not profit-motivated. Emphasizing the importance of public support for cultural activities, the Tribunal directed the Assessing Officer to re-compute the trust's income accordingly, allowing the appeal. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422799