https://www.taxtmi.com/caselaws?id=441521 The Appellate Tribunal upheld the Ld. Commissioner's decision, dismissing the Revenue Department's appeal. The Tribunal held that the surplus from the pharmacy store was incidental to the dominant charitable object of running the hospital by the Assessee. It was determined that the Assessee had maintained separate books of accounts for the pharmacy store, meeting the requirements of section 11(4A) of the Income Tax Act 1961. The Tribunal found no reason to interfere with the Ld. Commissioner's order as it was in line with the law and supported by relevant judgments. en-us Wed, 12 Jul 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441521 The Appellate Tribunal upheld the Ld. Commissioner's decision, dismissing the Revenue Department's appeal. The Tribunal held that the surplus from the pharmacy store was incidental to the dominant charitable object of running the hospital by the Assessee. It was determined that the Assessee had maintained separate books of accounts for the pharmacy store, meeting the requirements of section 11(4A) of the Income Tax Act 1961. The Tribunal found no reason to interfere with the Ld. Commissioner's order as it was in line with the law and supported by relevant judgments. Case-Laws Income Tax Wed, 12 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441521