Supreme Court denies tax exemption appeal for unutilized charitable funds

The Supreme Court dismissed the appeal regarding the application of Rs. 2,50,000 for charitable or religious purposes, as it was not actually utilized for those purposes. The assessee was not entitled to further tax exemption for the relevant assessment year. No costs were awarded.

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The Supreme Court dismissed the appeal regarding the application of Rs. 2,50,000 for charitable or religious purposes, as it was not actually utilized for those purposes. The assessee was not entitled to further tax exemption for the relevant assessment year. No costs were awarded. (1997 (12) TMI 11 - SC)

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