https://www.taxtmi.com/caselaws?id=441710 The Supreme Court considered the appeal regarding tax exemption for an entity engaged in charitable activities under Section 10(29) of the Income Tax Act. Referring to a previous judgment, the Court emphasized that entities providing public utility services, like the respondent, may qualify for tax exemption under Sections 11 and 12 of the Act. It clarified the distinction between commercial and non-commercial activities for such entities, highlighting the importance of assessing charges relative to costs. The Court concluded that the principles discussed applied to the respondent-Corporation and dismissed the appeals, directing the disposal of any pending applications. en-us Wed, 09 Aug 2023 00:00:00 +0530 Mon, 25 Sep 2023 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441710 The Supreme Court considered the appeal regarding tax exemption for an entity engaged in charitable activities under Section 10(29) of the Income Tax Act. Referring to a previous judgment, the Court emphasized that entities providing public utility services, like the respondent, may qualify for tax exemption under Sections 11 and 12 of the Act. It clarified the distinction between commercial and non-commercial activities for such entities, highlighting the importance of assessing charges relative to costs. The Court concluded that the principles discussed applied to the respondent-Corporation and dismissed the appeals, directing the disposal of any pending applications. Case-Laws Income Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441710