https://www.taxtmi.com/caselaws?id=307282 The tribunal ruled in favor of the assessee, a trust constituted under the Gujarat Maritime Board Act, finding that its activities were charitable in nature and qualified for exemption under Sections 11 and 12 of the Act. The tribunal overturned the CIT(A)'s decision, directing the AO to grant exemption benefits to the trust. The tribunal dismissed an additional ground regarding Section 13(1)(d) due to lack of argument. The delay in pronouncing the order was attributed to the COVID-19 pandemic. en-us Mon, 01 Jun 2020 00:00:00 +0530 Mon, 03 Apr 2023 19:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307282 The tribunal ruled in favor of the assessee, a trust constituted under the Gujarat Maritime Board Act, finding that its activities were charitable in nature and qualified for exemption under Sections 11 and 12 of the Act. The tribunal overturned the CIT(A)'s decision, directing the AO to grant exemption benefits to the trust. The tribunal dismissed an additional ground regarding Section 13(1)(d) due to lack of argument. The delay in pronouncing the order was attributed to the COVID-19 pandemic. Case-Laws Income Tax Mon, 01 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307282