https://www.taxtmi.com/caselaws?id=442642 The HC upheld the ITAT's decision, affirming the denial of the exemption under Section 11 of the Income Tax Act due to violations of Sections 11(5) and 13(1)(d). The appellant's investment in HITEX and the commercial use of land were deemed contrary to the society's objectives, leading to the rejection of appeals. No costs were awarded, and any pending petitions were closed. en-us Thu, 31 Aug 2023 00:00:00 +0530 Wed, 28 Aug 2024 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442642 The HC upheld the ITAT's decision, affirming the denial of the exemption under Section 11 of the Income Tax Act due to violations of Sections 11(5) and 13(1)(d). The appellant's investment in HITEX and the commercial use of land were deemed contrary to the society's objectives, leading to the rejection of appeals. No costs were awarded, and any pending petitions were closed. Case-Laws Income Tax Thu, 31 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442642