TMI Blog2018 (7) TMI 1732X X X X Extracts X X X X X X X X Extracts X X X X ..... the activity of milk production and sale - Held that:- In case of Sabarmati Ashram Gaushala Trust (2014 (1) TMI 1539 - GUJARAT HIGH COURT), under somewhat similar background held that the objects of the Trust clearly establish that the same was for general public utility and for charitable purposes - Profit making was neither the aim nor object of the Trust - Merely because while carrying out the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 09.11.2017 raising following question for our consideration: Whether, on the facts and in the circumstances of the case and in law, the Tribunal was justified in allowing the benefit of exemptions u/s 11 of the Act without considering the fact that the assessee is involved in widespread commercial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arts of India and generally to promote economic upliftment of the farmers segment. The society is not established for the purpose of profit. 2) To achieve the aforesaid objectives, the society may carry on all or any of the following activities; .... 3. For the assessment year 2011-12, the Assessing Officer during scrutiny assessment noticed that the assessee's principal income of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on) v. Sabarmati Ashram Gaushala Trust reported in [2014] 362 ITR 539 (Guj) , rejected the Revenue's appeal. 5. In case of Sabarmati Ashram Gaushala Trust (supra), under somewhat similar background, this Court had observed as under: 11. We are wholly in agreement with the view of the Tribunal. The objects of the Trust clearly establish that the same was for general public ut ..... X X X X Extracts X X X X X X X X Extracts X X X X
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