https://www.taxtmi.com/caselaws?id=429812 The Tribunal reversed the CIT(A)'s decision, denying the assessee trust exemption under section 11 of the Income Tax Act. It found the trust's activities to be primarily commercial, not aligning with its charitable objects, leading to the loss of tax exemption eligibility. The Revenue's appeal was allowed, restoring the Assessing Officer's assessment order. en-us Fri, 14 Oct 2022 00:00:00 +0530 Sat, 05 Nov 2022 08:29:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429812 The Tribunal reversed the CIT(A)'s decision, denying the assessee trust exemption under section 11 of the Income Tax Act. It found the trust's activities to be primarily commercial, not aligning with its charitable objects, leading to the loss of tax exemption eligibility. The Revenue's appeal was allowed, restoring the Assessing Officer's assessment order. Case-Laws Income Tax Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429812