https://www.taxtmi.com/caselaws?id=758018 ITAT Chennai held that a trust operating a Kalyana Mandapam (marriage hall) was entitled to exemption under Section 11. The AO contended that corpus donations were rental receipts and the activity was commercial in nature. The Tribunal found that the trust operated within its deed boundaries, corpus donations were voluntary, and surplus funds were utilized for charitable purposes including school fees and relief funds. Despite generating surplus from the marriage hall operations, the activity was not profit-motivated as evidenced by application of income for charitable objectives. The exemption was granted for all relevant years. en-us Tue, 11 Jun 2024 00:00:00 +0530 Fri, 06 Sep 2024 08:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758018 ITAT Chennai held that a trust operating a Kalyana Mandapam (marriage hall) was entitled to exemption under Section 11. The AO contended that corpus donations were rental receipts and the activity was commercial in nature. The Tribunal found that the trust operated within its deed boundaries, corpus donations were voluntary, and surplus funds were utilized for charitable purposes including school fees and relief funds. Despite generating surplus from the marriage hall operations, the activity was not profit-motivated as evidenced by application of income for charitable objectives. The exemption was granted for all relevant years. Case-Laws Income Tax Tue, 11 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758018