Textbook Sales Surplus Qualifies for Section 11 Exemption: ITAT Delhi

ACIT Vs Delhi Bureau of Text Books (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed appeals filed by the Revenue, upholding the exemption granted under Sections 11 and 12 of the Income-tax Act, 1961, to the Delhi Bureau of Text Books. The ITAT ruled that the surplus generated from the sale of textbooks does not negate the charitable nature of the organization’s educational activities. The case concerned the Assessment Years 2016-17 and 2017-18. The Delhi Bureau of Text Books, managed by officials from the Delhi Government’s Education Department, is invo...