https://www.taxtmi.com/caselaws?id=424881 The appeals involved the denial of exemption under Section 11 of the Income Tax Act due to the trust's activities not being considered charitable. The Assessing Officer and CIT(A) held that the trust's business activities and donations did not qualify as charitable under Section 2(15). However, the High Court, emphasizing consistency and estoppel, ruled in favor of the trust, stating that its activities were genuine and charitable. The Tribunal, following the High Court's decision, allowed the appeals, setting aside the denial of exemption under Section 11. en-us Fri, 08 Jul 2022 00:00:00 +0530 Mon, 11 Jul 2022 09:04:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424881 The appeals involved the denial of exemption under Section 11 of the Income Tax Act due to the trust's activities not being considered charitable. The Assessing Officer and CIT(A) held that the trust's business activities and donations did not qualify as charitable under Section 2(15). However, the High Court, emphasizing consistency and estoppel, ruled in favor of the trust, stating that its activities were genuine and charitable. The Tribunal, following the High Court's decision, allowed the appeals, setting aside the denial of exemption under Section 11. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424881