Dismissing the appeal of the revenue the Court held that the Tribunal is justified in holding that exemption cannot be denied on the ground that the assessee is generating surplus and spending only the small portion for charitable purposes, when there is no evidence that the amount was spent for other than object of the Trust. (AY. 2016-17)
CIT (E) v. Seth Vinod Kumar Somani Charitable Trust (2020) 113 taxmann.com 142 (P. & H.) (HC) Editorial : SLP of revenue is dismissed, CIT(E) v. Seth Vinod Kumar Somani Charitable Trust (2020) 269 Taxman 59 (SC)
S. 80G : Donation-Exemption cannot be denied on the ground that the assessee is generating surplus and spending only the small portion for charitable purposes-Order of Tribunal is affirmed. [S. 12AA, 80G(5)(vi)]