Section 11 exemption can’t be denied merely for Journal Sale & Subscription Income

ITO Vs Satvichar Darshan (ITAT Mumbai) Introduction: The case of ITO vs Satvichar Darshan, heard by the Mumbai ITAT, revolves around the denial of exemption under section 11 of the Income Tax Act, 1961, based on the income generated from the sale and subscription of journals. The appeal challenges the decision of the Commissioner of Income Tax (Appeals) and emphasizes the charitable nature of the trust’s activities. Detailed Analysis: 1. Background: Satvichar Darshan, a trust registered under section 12A of the Income Tax Act, filed its return of income for the assessment year 2015-16, c...