https://www.taxtmi.com/caselaws?id=448894 ITAT Mumbai held that a trust's printing, publishing and distribution of journals and magazines constituted charitable activity under section 2(15), not business activity. Following SC precedent in Sai Publication Fund, the tribunal ruled that Revenue bears the burden of proving business activity. The trust's dominant purpose was spreading religious messages through preaching, making publishing activities merely incidental to charitable objects. The tribunal emphasized that earning profit alone does not determine commercial nature, and presumptions favor the assessee unless rebutted. Revenue's appeal was dismissed, confirming the trust's exemption under section 11. en-us Tue, 30 Jan 2024 00:00:00 +0530 Thu, 01 Feb 2024 07:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448894 ITAT Mumbai held that a trust's printing, publishing and distribution of journals and magazines constituted charitable activity under section 2(15), not business activity. Following SC precedent in Sai Publication Fund, the tribunal ruled that Revenue bears the burden of proving business activity. The trust's dominant purpose was spreading religious messages through preaching, making publishing activities merely incidental to charitable objects. The tribunal emphasized that earning profit alone does not determine commercial nature, and presumptions favor the assessee unless rebutted. Revenue's appeal was dismissed, confirming the trust's exemption under section 11. Case-Laws Income Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448894