Commissioner Of Income Tax ... vs India International Centre on 8 February, 2024
284. So far as the appeal by assessee Tribune Trust is concerned,
it has been held that despite advancing general public utility, the
Trust cannot benefit from exemption offered to entities covered
by Section 2(15) as the records reveal that income received from
advertisements, constituted business or commercial receipts.
Consequently, the limit prescribed in the proviso to Section 2(15)
has to be adhered to for the Trust's claim of being as a charity
eligible for exemption, to succeed. Therefore, despite differing
reasoning, this Court has held that the impugned judgment
[Tribune Trust v. CIT, 2016 SCC OnLine P&H 19432] of the
High Court does not call for interference.