https://www.taxtmi.com/caselaws?id=304534 The Tribunal upheld the assessee's claim for exemption under section 11 as a charitable institution recognized under section 12A, dismissing the Revenue's contestation. Additionally, the Tribunal allowed the claim for set off and carry forward of deficit of earlier years based on the High Court's decision, emphasizing the application of income for charitable purposes. Consequently, the Tribunal dismissed the Revenue's appeals, directing the Assessing Officer to compute the assessee's income in accordance with relevant sections of the Income Tax Act. en-us Mon, 02 Mar 2015 00:00:00 +0530 Sun, 02 Oct 2022 19:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304534 The Tribunal upheld the assessee's claim for exemption under section 11 as a charitable institution recognized under section 12A, dismissing the Revenue's contestation. Additionally, the Tribunal allowed the claim for set off and carry forward of deficit of earlier years based on the High Court's decision, emphasizing the application of income for charitable purposes. Consequently, the Tribunal dismissed the Revenue's appeals, directing the Assessing Officer to compute the assessee's income in accordance with relevant sections of the Income Tax Act. Case-Laws Income Tax Mon, 02 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304534