https://www.taxtmi.com/caselaws?id=71014 The tribunal ruled in favor of the assessee in interpreting section 11 of the Income-tax Act, 1961, determining that the source of the amount spent for charitable purposes is not restricted to income earned during the previous year. The assessee, a trust assessed as an AOP, successfully argued that the section aimed at ensuring substantial spending of income earned by a charitable trust without limiting the source of the amount spent to income from the previous year. The appeal was partly allowed, directing the ITO to accept the assessee's claim regarding spending income for charitable purposes. en-us Thu, 24 Jul 1986 00:00:00 +0530 Wed, 20 Apr 2011 18:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71014 The tribunal ruled in favor of the assessee in interpreting section 11 of the Income-tax Act, 1961, determining that the source of the amount spent for charitable purposes is not restricted to income earned during the previous year. The assessee, a trust assessed as an AOP, successfully argued that the section aimed at ensuring substantial spending of income earned by a charitable trust without limiting the source of the amount spent to income from the previous year. The appeal was partly allowed, directing the ITO to accept the assessee's claim regarding spending income for charitable purposes. Case-Laws Income Tax Thu, 24 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71014