Surplus from Educational Activities Doesn’t Convert Trust into Business

Institute of Marine Engineers India Vs ITO (ITAT Mumbai) Maritime Training Is “Education”, Not Business: ITAT Mumbai Allows Section 11 Exemption to IMEI Mumbai ITAT  allowed the Assessee’s appeal and directed grant of exemption u/s 11, setting aside the NFAC order which had treated the Institute as a commercial entity. The Assessee, a trust registered u/s 12A, is engaged in DG(S)-approved structured maritime education and training, including pre-sea and post-sea courses, competency revalidation programmes, technical seminars, examinations and publications. In the earlier round, the ITAT...