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TMI Blog2011 (12) TMI 246X X X X Extracts X X X X X X X X Extracts X X X X ..... enets of Truth and to encourage universal spiritual uplifment. What is stated about the settlement of dispute is only incidental thereto and cannot be stated to be commercial in nature – Decided against the Revenue. - TAX CASE APPEAL NOS. 337 & 338 OF 2011 - - - Dated:- 13-12-2011 - P. JYOTHIMANI AND P.P.S. JANARTHANA RAJA, JJ. T. Ravikumar for the Appellant. A. Thiagarajan and S. Ram ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) and 3(f), there is a provision for domestic and overseas markets and also settlement of disputes by arbitration and therefore, the Director of Income Tax(Exemptions) has come to a conclusion that the object is not charitable in accordance with Section 2(15) of the Act and is commercial in nature. 3. The Tribunal has considered the same and found that the object cannot be said to be not charita ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or of Income Tax (Exemptions). 6. We have gone through the object clauses, namely, 3(a) and 3(f), referred to by the Director of Income Tax(Exemptions), which are as follows: "3(a) To be and act and serve as an Association of Persons who adopt Tenets of Truth, Non violence and Compassion towards all living beings as a way of life to serve the Society, our Nation and the World wherein Truth and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... universal spiritual uplifment as preached by the Tirthankar Bhagwants. What is stated about the settlement of dispute is only incidental thereto and cannot be stated to be commercial in nature. 7.1 In such view of the matter, no question of law much less substantial question of law would arise for consideration. Accordingly, the tax case appeals stand dismissed. Connected miscellaneous petition ..... X X X X Extracts X X X X X X X X Extracts X X X X
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