https://www.taxtmi.com/caselaws?id=751748 The ITAT Delhi allowed exemption under section 11 to an assessee engaged in charitable activities for upliftment of the poor, providing training and skill development in rural areas of backward districts including Bihar, Jharkhand, Orissa, Madhya Pradesh, Chhattisgarh and West Bengal. The assessee received grants from Central and State Government and donations from organizations like GATES Foundation. The tribunal held that the assessee was not involved in any trade, commerce or business, making the proviso to section 2(15) inapplicable. Following its own precedent, the tribunal directed the Assessing Officer to allow section 11 exemption with consequential benefits. en-us Mon, 22 Apr 2024 00:00:00 +0530 Wed, 24 Apr 2024 06:29:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751748 The ITAT Delhi allowed exemption under section 11 to an assessee engaged in charitable activities for upliftment of the poor, providing training and skill development in rural areas of backward districts including Bihar, Jharkhand, Orissa, Madhya Pradesh, Chhattisgarh and West Bengal. The assessee received grants from Central and State Government and donations from organizations like GATES Foundation. The tribunal held that the assessee was not involved in any trade, commerce or business, making the proviso to section 2(15) inapplicable. Following its own precedent, the tribunal directed the Assessing Officer to allow section 11 exemption with consequential benefits. Case-Laws Income Tax Mon, 22 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751748