Exemption u/s 11 available as there is no profit motive in activity carried out by society

CIT (E) Vs Servants Of People Society (Delhi High Court) Delhi High Court held that in absence of any profit motive in the activity of assessee-society and also profit so generated is ploughed back for charitable activities. Exemption benefit under section 11 duly available. Facts- The present writ is filed by the revenue contended that the Tribunal erred in allowing benefit of exemption under Section 11 of the Income Tax Act, 1961 in the facts and circumstances of the present case. It is stated that the Tribunal erred in treating the assessee as a charitable institution, even when the activit...