https://www.taxtmi.com/caselaws?id=58444 The Appellate Tribunal ruled in favor of the assessee trust, allowing their appeals and holding that the trust was entitled to exemption under section 11 of the Income Tax Act. Despite engaging in business activities through a partnership firm, the trust's primary objective was charitable, and the profits generated were utilized for charitable purposes. The Tribunal distinguished between profit-seeking activities and utilizing profits for charitable goals, ultimately determining that the trust met the criteria for exemption under section 11. en-us Tue, 26 Feb 1980 00:00:00 +0530 Mon, 20 Dec 2010 10:51:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58444 The Appellate Tribunal ruled in favor of the assessee trust, allowing their appeals and holding that the trust was entitled to exemption under section 11 of the Income Tax Act. Despite engaging in business activities through a partnership firm, the trust's primary objective was charitable, and the profits generated were utilized for charitable purposes. The Tribunal distinguished between profit-seeking activities and utilizing profits for charitable goals, ultimately determining that the trust met the criteria for exemption under section 11. Case-Laws Income Tax Tue, 26 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58444