https://www.taxtmi.com/caselaws?id=68668 Payments irrevocably made to a statutory board for construction, repair and renovation were treated as application of income under section 11 because the assessee parted with control over the funds and the amounts were earmarked for specified charitable purposes. Actual spending by the board in the same year was not required, and exemption was not denied merely because part of the activity occurred outside the committee's local jurisdiction. The separate claim for depreciation on construction work and related expenditure was not allowed, as it had not been claimed in the return and was treated as not surviving for merits consideration. en-us Fri, 28 Sep 2007 00:00:00 +0530 Tue, 07 Aug 2012 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68668 Payments irrevocably made to a statutory board for construction, repair and renovation were treated as application of income under section 11 because the assessee parted with control over the funds and the amounts were earmarked for specified charitable purposes. Actual spending by the board in the same year was not required, and exemption was not denied merely because part of the activity occurred outside the committee's local jurisdiction. The separate claim for depreciation on construction work and related expenditure was not allowed, as it had not been claimed in the return and was treated as not surviving for merits consideration. Case-Laws Income Tax Fri, 28 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68668