https://www.taxtmi.com/caselaws?id=751364 The ITAT Mumbai upheld a charitable trust's exemption under Section 11, rejecting the revenue's appeal. The trust, registered under Section 12A, organized seminars for the fragrance and flavours industry. The Assessing Officer disallowed the exemption claiming the trust operated as a mutual association with commercial activities due to sponsor product displays. The tribunal held that organizing seminars for industry empowerment and awareness constituted advancement of general public utility, not commercial activity. Following a coordinate bench precedent, the tribunal concluded the trust's activities furthered its dominant charitable object and upheld the CIT(A)'s order granting exemption. en-us Tue, 26 Mar 2024 00:00:00 +0530 Sat, 13 Apr 2024 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751364 The ITAT Mumbai upheld a charitable trust's exemption under Section 11, rejecting the revenue's appeal. The trust, registered under Section 12A, organized seminars for the fragrance and flavours industry. The Assessing Officer disallowed the exemption claiming the trust operated as a mutual association with commercial activities due to sponsor product displays. The tribunal held that organizing seminars for industry empowerment and awareness constituted advancement of general public utility, not commercial activity. Following a coordinate bench precedent, the tribunal concluded the trust's activities furthered its dominant charitable object and upheld the CIT(A)'s order granting exemption. Case-Laws Income Tax Tue, 26 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751364