https://www.taxtmi.com/highlights?id=81959 The Income Tax Appellate Tribunal upheld the Commissioner's revision order u/s 263, disallowing the expenses incurred for organizing the "Goa Fest" event as not being for charitable purposes u/s 11. The Tribunal concurred that conducting the "Goa Fest," where leaders from the advertising industry delivered presentations, constituted a business activity rather than a charitable purpose. Consequently, the assessee's appeal against the Commissioner's order was dismissed, affirming that the original assessment order was erroneous and prejudicial to the revenue's interests regarding the treatment of expenses for the "Goa Fest. en-us Sat, 05 Oct 2024 08:54:29 +0530 Sat, 05 Oct 2024 08:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=81959 The Income Tax Appellate Tribunal upheld the Commissioner's revision order u/s 263, disallowing the expenses incurred for organizing the "Goa Fest" event as not being for charitable purposes u/s 11. The Tribunal concurred that conducting the "Goa Fest," where leaders from the advertising industry delivered presentations, constituted a business activity rather than a charitable purpose. Consequently, the assessee's appeal against the Commissioner's order was dismissed, affirming that the original assessment order was erroneous and prejudicial to the revenue's interests regarding the treatment of expenses for the "Goa Fest. Highlights Income Tax Sat, 05 Oct 2024 08:54:29 +0530 https://www.taxtmi.com/highlights?id=81959