https://www.taxtmi.com/caselaws?id=428839 The tribunal dismissed the appeals of the Revenue, upholding the decisions of the NFAC. The tribunal found that the assessee corporation's activities were charitable and not hit by the proviso to section 2(15), thus entitling it to the benefit of section 11. The tribunal also allowed the carry forward of losses as per section 72. en-us Mon, 26 Sep 2022 00:00:00 +0530 Tue, 11 Oct 2022 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428839 The tribunal dismissed the appeals of the Revenue, upholding the decisions of the NFAC. The tribunal found that the assessee corporation's activities were charitable and not hit by the proviso to section 2(15), thus entitling it to the benefit of section 11. The tribunal also allowed the carry forward of losses as per section 72. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428839