https://www.taxtmi.com/caselaws?id=434020 The Supreme Court directed a fresh examination of a charitable trust's revenue sources, especially advertisement revenue, to determine its exemption eligibility under Section 2(15) and Section 11 of the Income Tax Act. Emphasizing the need to differentiate between activities of general public utility and commercial endeavors, the court instructed a reevaluation to ascertain whether the trust's receipts qualified for exemption. The revenue's appeal partially succeeded, with instructions for the Assessing Officer to reassess the trust's status and exemption entitlement within a specified timeline. en-us Tue, 31 Jan 2023 00:00:00 +0530 Mon, 08 Jun 2026 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434020 The Supreme Court directed a fresh examination of a charitable trust's revenue sources, especially advertisement revenue, to determine its exemption eligibility under Section 2(15) and Section 11 of the Income Tax Act. Emphasizing the need to differentiate between activities of general public utility and commercial endeavors, the court instructed a reevaluation to ascertain whether the trust's receipts qualified for exemption. The revenue's appeal partially succeeded, with instructions for the Assessing Officer to reassess the trust's status and exemption entitlement within a specified timeline. Case-Laws Income Tax Tue, 31 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434020