2016 (12) TMI 683

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....on of law sought to be urged by the Revenue is: Whether in the circumstances of the case the Income Tax Appellate Tribunal (ITAT) fell into error in overlooking the proviso to Section 2(15) added by Finance Act, 2008. 2. The assessee is a charitable organization established with the purpose of promoting rifle shooting by its members and advocacy for that purpose. The amounts received by it as s....

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....commercial nature of the services rendered by it. It was also highlighted that Surat Art Silk Cloth Manufacturers Association (supra) was decided in the absence of the proviso to Section 2(15). 4. This Court notices that the issue at hand has been decided in the judgment reported as India Trade Promotion Organisation vs Director General of Income Tax (2015) 371 ITR 333. The Court had clearly ru....

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....ring of any service in relation to any trade, commerce or business, then it would not be entitled to claim that its object is charitable purpose. 5. Likewise, we notice that the earlier judgment dated 04.07.2013 in WP(C) 3147/2012, titled: The Institute of Chartered Accountants of India and Anr. vs Director General of Income Tax (Exemptions), Delhi & Ors. the Court had expounded on the meaning ....