https://www.taxtmi.com/caselaws?id=756854 The Rajasthan HC dismissed the Department's appeal, affirming the ITAT's decision to allow the respondent-assessee exemption under Section 11 of the Income Tax Act, 1961. The Court ruled that the respondent's activities, essential for public purposes, do not constitute commercial activities. The decision aligns with the Supreme Court's interpretation, emphasizing the distinction between public functions and commercial ventures. The second substantial question regarding income treatment under Section 11(3) was deemed consequential and required no further adjudication, resulting in the appeal's dismissal and the respondent's favorable outcome. en-us Fri, 02 Aug 2024 00:00:00 +0530 Fri, 09 Aug 2024 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756854 The Rajasthan HC dismissed the Department's appeal, affirming the ITAT's decision to allow the respondent-assessee exemption under Section 11 of the Income Tax Act, 1961. The Court ruled that the respondent's activities, essential for public purposes, do not constitute commercial activities. The decision aligns with the Supreme Court's interpretation, emphasizing the distinction between public functions and commercial ventures. The second substantial question regarding income treatment under Section 11(3) was deemed consequential and required no further adjudication, resulting in the appeal's dismissal and the respondent's favorable outcome. Case-Laws Income Tax Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756854