https://www.taxtmi.com/caselaws?id=770963 The ITAT Chandigarh allowed the assessee's appeal regarding denial of Section 11/12 benefits. The assessee operated an Eye Hospital providing medical relief, clearly qualifying under Section 2(15) charitable definitions. The AO denied benefits solely based on higher surplus percentage over gross receipts. The ITAT held that generating higher surplus percentage doesn't disqualify charitable status under the Income Tax Act. The assessee fulfilled the legal requirement of applying 85% of gross receipts for charitable activities. The AO failed to examine whether income was properly applied toward charitable objectives, making the denial unjustified. en-us Wed, 30 Apr 2025 00:00:00 +0530 Mon, 19 May 2025 08:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770963 The ITAT Chandigarh allowed the assessee's appeal regarding denial of Section 11/12 benefits. The assessee operated an Eye Hospital providing medical relief, clearly qualifying under Section 2(15) charitable definitions. The AO denied benefits solely based on higher surplus percentage over gross receipts. The ITAT held that generating higher surplus percentage doesn't disqualify charitable status under the Income Tax Act. The assessee fulfilled the legal requirement of applying 85% of gross receipts for charitable activities. The AO failed to examine whether income was properly applied toward charitable objectives, making the denial unjustified. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770963