https://www.taxtmi.com/caselaws?id=442128 The Tribunal upheld the validity of the notice served under Section 143(2) despite being served after the statutory deadline. It affirmed the AO's jurisdiction to assess the total income of the trust, which was deemed commercial rather than charitable due to substantial business receipts. The Tribunal also upheld the determination of total income at Rs. 2,20,250/- and dismissed the appeal challenging the CIT(A) order, concluding that the trust was not eligible for exemption under Section 11. The appeal was dismissed on 21st August 2023. en-us Mon, 21 Aug 2023 00:00:00 +0530 Thu, 24 Aug 2023 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442128 The Tribunal upheld the validity of the notice served under Section 143(2) despite being served after the statutory deadline. It affirmed the AO's jurisdiction to assess the total income of the trust, which was deemed commercial rather than charitable due to substantial business receipts. The Tribunal also upheld the determination of total income at Rs. 2,20,250/- and dismissed the appeal challenging the CIT(A) order, concluding that the trust was not eligible for exemption under Section 11. The appeal was dismissed on 21st August 2023. Case-Laws Income Tax Mon, 21 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442128