Court Clarifies Society's Handloom Promotion as Charitable, Qualifies for Tax Exemption Under Income Tax Act Sections 11 and 2(15).

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....Exemption u/s 11 - charitable activity u/s 2(15) - to promote the handloom sector - organizing exhibitions in different parts of the country - AO has not appreciated the activities and objective of the society properly and therefore he is not justified in holding that provision of section 2(15) will be attracted in the case of the assessee. - AT....