Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (10) TMI 697 - AT - Income TaxExemption under sec. 11 denied - hiring of the auditorium and providing space for rent are commercial activities and there is nothing charitable about the activities carried on by the assessee - Held that:- CIT(A) correctly decided the issue in favour of the assessee after following the order of the Tribunal for Assessment Years 1986-87 to 1988-89 as held the predominant object of the letting out of the auditorium and furniture and fixture is for carrying out of the object of the trust. The learned CIT(A) also observed that his predecessor, while deciding the issue in Assessment Year 2007-08, has also followed the order of the Tribunal and decided the issue in favour of the assessee. The learned CIT(A), therefore, held that the assessee is entitled to exemption under sec. 11 of the Act. Appeal filed by the revenue is dismissed.
|