https://www.taxtmi.com/caselaws?id=65199 The tribunal found that the trust deed creating the Foundation was legally genuine and valid as it fulfilled all necessary legal requirements. Despite suspicions raised about the source of donations, the tribunal confirmed the donations' genuineness as they were received through proper channels. The trust was deemed compliant with legal formalities and genuinely created. However, tax exemptions were denied due to non-compliance with audit requirements and improper fund application. The tribunal rejected assessing the trust's income in another individual's hands based on unrelated cases. en-us Mon, 17 Aug 1992 00:00:00 +0530 Mon, 14 Feb 2011 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65199 The tribunal found that the trust deed creating the Foundation was legally genuine and valid as it fulfilled all necessary legal requirements. Despite suspicions raised about the source of donations, the tribunal confirmed the donations' genuineness as they were received through proper channels. The trust was deemed compliant with legal formalities and genuinely created. However, tax exemptions were denied due to non-compliance with audit requirements and improper fund application. The tribunal rejected assessing the trust's income in another individual's hands based on unrelated cases. Case-Laws Income Tax Mon, 17 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65199